StockNews.com Begins Coverage on Oxbridge Re (NASDAQ:OXBR)

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

Oxbridge Re Stock Performance

Shares of OXBR opened at $1.02 on Friday. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $2.03. The company’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $1.13. The company has a market capitalization of $5.99 million, a price-to-earnings ratio of -0.60 and a beta of 0.86.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings results on Tuesday, March 26th. The insurance provider reported ($0.46) earnings per share for the quarter. The business had revenue of ($1.91) million during the quarter.

Institutional Investors Weigh In On Oxbridge Re

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in 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. Ameriprise Financial Inc. raised its position in shares of Oxbridge Re by 66.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock worth $35,000 after buying an additional 10,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Oxbridge Re by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock valued at $299,000 after acquiring an additional 9,026 shares during the last quarter. 5.64% of the stock is owned by institutional investors and hedge funds.

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.