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

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

Oxbridge Re Stock Down 7.3 %

NASDAQ OXBR opened at $2.17 on Friday. The company has a market capitalization of $14.62 million, a price-to-earnings ratio of -2.58 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 $4.03 and a 200 day simple moving average of $3.40.

Institutional Trading of Oxbridge Re

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Oxbridge Re by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after acquiring an additional 4,141 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its holdings in 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 worth $244,000 after acquiring an additional 12,500 shares during the period. Renaissance Technologies LLC acquired a new stake in Oxbridge Re during the 4th quarter worth about $52,000. Finally, LPL Financial LLC acquired a new stake in Oxbridge Re during the 4th quarter worth about $415,000. 5.64% of the stock is currently owned by institutional investors and hedge funds.

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.