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

Research analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report issued on Monday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of Oxbridge Re stock opened at $1.51 on Monday. The stock has a 50 day moving average price of $3.03 and a 200-day moving average price of $3.31. Oxbridge Re has a one year low of $0.98 and a one year high of $5.81. The stock has a market cap of $11.23 million, a price-to-earnings ratio of -1.80 and a beta of 1.29.

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 for the quarter.

Institutional Investors Weigh In On Oxbridge Re

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of Oxbridge Re by 3.5% during the fourth 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 last quarter. LPL Financial LLC bought a new position in Oxbridge Re in the 4th quarter worth about $415,000. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Oxbridge Re by 15.9% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock worth $130,000 after acquiring an additional 9,400 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Oxbridge Re during the fourth quarter valued at approximately $52,000. 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.