Media headlines about Oxbridge Re Holdings Limited (NASDAQ:OXBR) have been trending somewhat negative this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oxbridge Re Holdings Limited earned a news impact score of -0.07 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 47.1878108222602 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) traded down 1.56% during mid-day trading on Friday, reaching $3.15. The company’s stock had a trading volume of 1,482 shares. The company has a market capitalization of $18.23 million, a price-to-earnings ratio of 6.12 and a beta of -0.13. Oxbridge Re Holdings Limited has a 1-year low of $3.15 and a 1-year high of $6.90. The company’s 50 day moving average price is $4.26 and its 200-day moving average price is $5.40.
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Saturday, September 23rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.00%. The ex-dividend date was Thursday, September 21st. Oxbridge Re Holdings Limited’s dividend payout ratio (DPR) is 92.31%.
Oxbridge Re Holdings Limited declared that its Board of Directors has initiated a share repurchase program on Thursday, September 28th that allows the company to buyback shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
Separately, TheStreet lowered Oxbridge Re Holdings Limited from a “b” rating to a “c+” rating in a report on Tuesday, September 26th.
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About Oxbridge Re Holdings Limited
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