Oxbridge Re (NASDAQ:OXBR) Now Covered by 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

OXBR stock opened at $4.47 on Friday. The company has a market capitalization of $27.00 million, a P/E ratio of -5.32 and a beta of 0.94. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $5.05. The business has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $3.14.

Hedge Funds Weigh In On Oxbridge Re

A number of hedge funds have recently bought and sold shares of the company. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of Oxbridge Re by 212.0% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 46,800 shares of the insurance provider’s stock valued at $130,000 after purchasing an additional 31,800 shares in the last quarter. Geode Capital Management LLC increased its stake in Oxbridge Re by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after buying an additional 4,141 shares during the last quarter. Finally, LPL Financial LLC bought a new position in shares of Oxbridge Re during the 4th quarter worth approximately $415,000. 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.