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 note issued on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

OXBR stock opened at $1.60 on Friday. The stock has a market capitalization of $11.91 million, a price-to-earnings ratio of -1.90 and a beta of 1.29. The business has a fifty day moving average price of $3.57 and a 200 day moving average price of $3.38. Oxbridge Re has a fifty-two week low of $0.94 and a fifty-two week high of $5.81.

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

Hedge Funds Weigh In On Oxbridge Re

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Oxbridge Re by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock valued at $541,000 after purchasing an additional 4,555 shares in the last quarter. LPL Financial LLC bought a new position in Oxbridge Re in the 4th quarter valued at $415,000. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Oxbridge Re by 26.7% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after buying an additional 12,500 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Oxbridge Re during the fourth quarter worth $52,000. 5.64% of the stock is currently 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.