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

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

Oxbridge Re Trading Down 6.4 %

NASDAQ OXBR opened at $1.89 on Friday. Oxbridge Re has a 12-month low of $0.94 and a 12-month high of $5.81. The company has a fifty day simple moving average of $3.79 and a two-hundred day simple moving average of $3.41. The stock has a market cap of $14.07 million, a P/E ratio of -2.25 and a beta of 1.30.

Oxbridge Re (NASDAQ:OXBR) last issued its earnings results on Wednesday, March 26th. The insurance provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.42 million during the quarter.

Hedge Funds Weigh In On Oxbridge Re

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in shares of Oxbridge Re in the 4th quarter valued at $52,000. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re by 26.7% in the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 12,500 shares during the last quarter. Geode Capital Management LLC grew its position in Oxbridge Re by 3.3% during 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 period. Finally, LPL Financial LLC purchased a new position in shares of Oxbridge Re during the 4th quarter valued at about $415,000. Institutional investors and hedge funds 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.