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

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report report published on Monday. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Up 8.8 %

NASDAQ:OXBR opened at $1.61 on Monday. The firm’s fifty day simple moving average is $3.09 and its 200-day simple moving average is $3.32. The stock has a market cap of $11.98 million, a PE ratio of -1.92 and a beta of 1.29. Oxbridge Re has a fifty-two week low of $0.98 and a fifty-two week high of $5.81.

Oxbridge Re (NASDAQ:OXBR) last issued its 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 for the quarter.

Hedge Funds Weigh In On Oxbridge Re

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Oxbridge Re by 3.3% in the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after purchasing an additional 4,141 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its stake in shares of 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 buying an additional 12,500 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Oxbridge Re in the 4th quarter worth about $415,000. Finally, Renaissance Technologies LLC acquired a new stake in Oxbridge Re in the 4th quarter valued at about $52,000. 5.64% of the stock is owned by hedge funds and other 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.