Oxbridge Re (NASDAQ:OXBR) Coverage Initiated at StockNews.com

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

Separately, Maxim Group initiated coverage on shares of Oxbridge Re in a research report on Wednesday, April 30th. They set a “buy” rating and a $5.00 target price for the company.

Oxbridge Re Price Performance

NASDAQ:OXBR opened at $1.93 on Friday. The firm has a 50-day moving average of $1.82 and a 200-day moving average of $3.13. The company has a market cap of $14.36 million, a PE ratio of -2.30 and a beta of 1.54. Oxbridge Re has a one year low of $1.27 and a one year high of $5.81.

Oxbridge Re (NASDAQ:OXBR) last posted its earnings results on Monday, May 12th. The insurance provider reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.65 million.

Institutional Investors Weigh In On Oxbridge Re

A number of institutional investors have recently added to or reduced their stakes in OXBR. Renaissance Technologies LLC bought a new stake in Oxbridge Re in the 4th quarter worth about $52,000. Henrickson Nauta Wealth Advisors Inc. grew its position in Oxbridge Re by 15.9% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock worth $130,000 after purchasing an additional 9,400 shares in the last quarter. LPL Financial LLC bought a new stake in Oxbridge Re in the 4th quarter worth about $415,000. Geode Capital Management LLC grew its position in Oxbridge Re by 3.5% in 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 in the last quarter. Finally, Armistice Capital LLC bought a new stake in Oxbridge Re in the 1st quarter worth about $1,176,000. 5.64% of the stock is owned by 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.