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

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

Oxbridge Re Stock Performance

Shares of Oxbridge Re stock opened at $1.13 on Wednesday. The firm has a market capitalization of $6.63 million, a PE ratio of -0.67 and a beta of 0.86. The firm’s 50 day moving average is $1.02 and its 200 day moving average is $1.13. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $2.03.

Oxbridge Re (NASDAQ:OXBR) last announced its quarterly earnings results on Tuesday, March 26th. The insurance provider reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of ($1.91) million for the quarter.

Institutional Investors Weigh In On Oxbridge Re

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in Oxbridge Re by 49.5% during the 3rd quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 10,900 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Oxbridge Re by 66.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Oxbridge Re by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock worth $299,000 after acquiring an additional 9,026 shares during the last quarter. 5.64% of the stock is owned by institutional investors.

About Oxbridge Re

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It distributes its products and solutions through reinsurance brokers.