Oxbridge Re (NASDAQ:OXBR) Now Covered by StockNews.com

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

Oxbridge Re Trading Up 7.6 %

Oxbridge Re stock opened at $5.50 on Monday. The firm has a market capitalization of $33.22 million, a PE ratio of -6.55 and a beta of 0.94. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $5.50. The firm has a 50-day moving average price of $4.25 and a 200-day moving average price of $3.23.

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 3.3% during the third 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. Henrickson Nauta Wealth Advisors Inc. increased its stake in 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 buying an additional 12,500 shares during the period. Renaissance Technologies LLC bought a new stake in Oxbridge Re during the 4th quarter valued at about $52,000. Finally, LPL Financial LLC purchased a new stake in Oxbridge Re in the 4th quarter valued at about $415,000. 5.64% of the stock is owned by institutional investors.

Oxbridge Re Company Profile

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.