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

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note released on Tuesday. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ OXBR opened at $1.06 on Tuesday. The firm has a market cap of $6.22 million, a P/E ratio of -0.63 and a beta of 0.86. The stock’s 50-day moving average is $1.01 and its 200-day moving average is $1.13. Oxbridge Re has a one year low of $0.87 and a one year high of $2.06.

Oxbridge Re (NASDAQ:OXBR) last released its quarterly earnings results on Tuesday, March 26th. The insurance provider reported ($0.46) EPS for the quarter. The firm had revenue of ($1.91) million during the quarter.

Institutional Trading of Oxbridge Re

Several hedge funds have recently added to or reduced their stakes in OXBR. Ameriprise Financial Inc. raised its holdings in Oxbridge Re by 66.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 10,000 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Oxbridge Re by 49.5% in the 3rd quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock valued at $70,000 after buying an additional 10,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Oxbridge Re by 19.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock valued at $299,000 after buying an additional 9,026 shares during the last quarter. 5.64% of the stock is owned by institutional investors and hedge funds.

About Oxbridge Re

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It distributes its products and solutions through reinsurance brokers.