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

Investment analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBRGet Free Report) in a research note issued on Saturday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Up 1.6 %

Oxbridge Re stock opened at $0.97 on Friday. The business’s 50-day simple moving average is $1.02 and its 200 day simple moving average is $1.15. The stock has a market cap of $5.66 million, a price-to-earnings ratio of -0.87 and a beta of 0.86. Oxbridge Re has a 12-month low of $0.93 and a 12-month high of $2.41.

Hedge Funds Weigh In On Oxbridge Re

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of Oxbridge Re by 66.7% during the third quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 10,000 shares during the period. Renaissance Technologies LLC raised its position in shares of Oxbridge Re by 49.5% during the third quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 10,900 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Oxbridge Re by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 9,026 shares during the period. Institutional investors own 21.37% of the company’s stock.

About Oxbridge Re

(Get Free Report)

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It distributes its products and solutions through reinsurance brokers.

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