Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report sent to investors on Friday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Trading Down 7.3 %

Shares of OXBR opened at $2.17 on Friday. The firm has a market cap of $14.62 million, a price-to-earnings ratio of -2.58 and a beta of 1.30. Oxbridge Re has a 52 week low of $0.94 and a 52 week high of $5.81. The stock has a 50 day moving average of $4.03 and a 200-day moving average of $3.40.

Institutional Trading of Oxbridge Re

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Oxbridge Re in the 4th quarter worth 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 worth $244,000 after purchasing an additional 12,500 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Oxbridge Re in the 4th quarter worth approximately $415,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Oxbridge Re by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after purchasing an additional 4,141 shares during the last quarter. Institutional investors own 5.64% of the company’s stock.

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.