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

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

Oxbridge Re Stock Performance

Shares of OXBR opened at $2.74 on Wednesday. The firm has a market cap of $16.55 million, a PE ratio of -3.26 and a beta of 0.96. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $3.72. The business’s 50 day moving average price is $2.63 and its two-hundred day moving average price is $2.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC grew its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,294 shares of the insurance provider’s stock after purchasing an additional 4,141 shares during the period. Geode Capital Management LLC owned approximately 2.14% of Oxbridge Re worth $359,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.64% of the company’s stock.

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.