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

Research analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of OXBR stock opened at $2.02 on Friday. The company has a market capitalization of $13.61 million, a PE ratio of -2.40 and a beta of 1.30. Oxbridge Re has a 52-week low of $0.94 and a 52-week high of $5.81. The business’s fifty day moving average is $3.84 and its 200 day moving average is $3.39.

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

Institutional Investors Weigh In On Oxbridge Re

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Oxbridge Re by 3.3% in the 3rd 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 during the last quarter. Henrickson Nauta Wealth Advisors Inc. grew its position in Oxbridge Re by 26.7% in the fourth 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 in the last quarter. Renaissance Technologies LLC bought a new position in Oxbridge Re in the fourth quarter valued at $52,000. Finally, LPL Financial LLC purchased a new stake in Oxbridge Re during the fourth quarter valued at about $415,000. 5.64% of the stock is currently owned by institutional investors.

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.