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

StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note released on Saturday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Shares of NASDAQ:OXBR opened at $2.02 on Friday. The business’s 50-day moving average is $3.84 and its 200-day moving average is $3.40. Oxbridge Re has a 1 year low of $0.94 and a 1 year high of $5.81. The company has a market capitalization of $15.03 million, a price-to-earnings ratio of -2.40 and a beta of 1.30.

Oxbridge Re (NASDAQ:OXBR) last released its earnings results on Wednesday, March 26th. The insurance provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.42 million for the quarter.

Institutional Trading of Oxbridge Re

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in Oxbridge Re during the fourth quarter worth $52,000. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re by 26.7% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 12,500 shares during the last quarter. Geode Capital Management LLC grew 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 worth $359,000 after acquiring an additional 4,141 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Oxbridge Re in the fourth quarter valued at about $415,000. 5.64% of the stock is owned by hedge funds and other institutional investors.

About Oxbridge Re

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.