Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a note issued to investors on Friday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Down 8.9 %

NASDAQ OXBR opened at $2.34 on Friday. The company has a market capitalization of $15.76 million, a price-to-earnings ratio of -2.79 and a beta of 1.30. Oxbridge Re has a twelve month low of $0.94 and a twelve month high of $5.81. The stock has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $3.40.

Hedge Funds Weigh In On Oxbridge Re

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in Oxbridge Re in the fourth quarter valued at approximately $52,000. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of Oxbridge Re by 26.7% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 12,500 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 4,141 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Oxbridge Re during the fourth quarter worth $415,000. 5.64% of the stock is currently owned by 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.