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 issued to investors on Sunday. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Oxbridge Re stock opened at $1.60 on Friday. 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 cap of $11.91 million, a P/E ratio of -1.90 and a beta of 1.29. The firm’s fifty day moving average price is $3.57 and its 200-day moving average price is $3.39.

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

Institutional Investors Weigh In On Oxbridge Re

A number of hedge funds have recently made changes to their positions in OXBR. LPL Financial LLC purchased a new position in Oxbridge Re in the 4th quarter worth $415,000. Renaissance Technologies LLC purchased a new position in shares of Oxbridge Re in the fourth quarter worth about $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. Finally, Geode Capital Management LLC boosted its holdings in Oxbridge Re by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock valued at $541,000 after acquiring an additional 4,555 shares during the period. 5.64% of the stock is currently owned by 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.