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

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

Separately, Maxim Group assumed coverage on Oxbridge Re in a research report on Wednesday, April 30th. They set a “buy” rating and a $5.00 price objective on the stock.

Oxbridge Re Trading Up 14.6 %

Oxbridge Re stock opened at $1.65 on Thursday. Oxbridge Re has a 1-year low of $1.27 and a 1-year high of $5.81. The firm has a market cap of $12.28 million, a P/E ratio of -1.96 and a beta of 1.54. The firm has a 50-day moving average of $1.94 and a 200-day moving average of $3.16.

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

Hedge Funds Weigh In On Oxbridge Re

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC purchased a new position in shares of Oxbridge Re in the 4th quarter valued at $415,000. Renaissance Technologies LLC purchased a new stake in Oxbridge Re in the fourth quarter valued at approximately $52,000. Henrickson Nauta Wealth Advisors Inc. lifted its holdings 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, Geode Capital Management LLC grew its stake in shares of Oxbridge Re by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 4,555 shares during the period. 5.64% of the stock is owned by hedge funds and other institutional investors.

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.