Oxbridge Re (NASDAQ:OXBR) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued to investors on Friday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Oxbridge Re stock opened at $4.86 on Friday. The company’s 50-day moving average is $3.80 and its 200-day moving average is $3.01. The firm has a market capitalization of $29.34 million, a PE ratio of -5.79 and a beta of 0.93. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $5.05.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Geode Capital Management LLC lifted its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 129,294 shares of the insurance provider’s stock after buying an additional 4,141 shares during the quarter. Geode Capital Management LLC owned about 2.14% of Oxbridge Re worth $359,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.64% of the company’s stock.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.