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

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report released on Saturday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ OXBR opened at $2.02 on Friday. The stock has a market capitalization of $15.03 million, a price-to-earnings ratio of -2.40 and a beta of 1.30. The business’s fifty day moving average is $3.84 and its 200-day moving average is $3.40. Oxbridge Re has a one year low of $0.94 and a one year high of $5.81.

Oxbridge Re (NASDAQ:OXBR) last announced its quarterly earnings data on Wednesday, March 26th. The insurance provider reported ($0.05) EPS for the quarter. The business had revenue of $0.42 million for the quarter.

Institutional Trading of Oxbridge Re

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in shares of Oxbridge Re in the fourth quarter worth about $52,000. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Oxbridge Re by 26.7% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 12,500 shares in the last quarter. LPL Financial LLC bought a new position in shares of Oxbridge Re in the fourth quarter worth $415,000. Finally, Geode Capital Management LLC raised its position in shares of Oxbridge Re by 3.3% in the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after buying an additional 4,141 shares in the last quarter. Institutional investors own 5.64% of the company’s stock.

About Oxbridge Re

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.