Oxbridge Re (NASDAQ:OXBR) Now Covered by Analysts at StockNews.com

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

Oxbridge Re Stock Down 1.6 %

Oxbridge Re stock opened at $3.78 on Friday. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $4.19. The stock has a market cap of $22.83 million, a P/E ratio of -4.50 and a beta of 0.98. The company’s fifty day simple moving average is $2.97 and its 200-day simple moving average is $2.65.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC raised its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,294 shares of the insurance provider’s stock after acquiring an additional 4,141 shares during the quarter. Geode Capital Management LLC owned about 2.14% of Oxbridge Re worth $359,000 at the end of the most recent quarter. 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.