StockNews.com Begins Coverage on Oxbridge Re (NASDAQ:OXBR)

Stock analysts at StockNews.com assumed 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

NASDAQ OXBR opened at $2.17 on Friday. The business has a fifty day moving average price of $4.03 and a two-hundred day moving average price of $3.40. Oxbridge Re has a fifty-two week low of $0.94 and a fifty-two week high of $5.81. The stock has a market capitalization of $14.62 million, a PE ratio of -2.58 and a beta of 1.30.

Institutional Investors Weigh In On Oxbridge Re

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in Oxbridge Re during the fourth quarter worth $52,000. Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Oxbridge Re by 26.7% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after acquiring an additional 12,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Oxbridge Re by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after acquiring an additional 4,141 shares during the last quarter. Finally, LPL Financial LLC bought a new position in shares of Oxbridge Re in the 4th quarter valued at $415,000. 5.64% of the stock is currently owned by institutional investors.

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.