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

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report sent to investors on Monday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Trading Down 3.3 %

Shares of OXBR stock opened at $3.82 on Monday. The company has a market capitalization of $23.06 million, a price-to-earnings ratio of -4.55 and a beta of 0.98. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $4.19. The stock’s fifty day simple moving average is $3.10 and its 200-day simple moving average is $2.71.

Institutional Trading of Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Geode Capital Management LLC boosted its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 2.14% of Oxbridge Re worth $359,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.