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

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBRGet Rating) in a research report issued on Monday. The brokerage set a “hold” rating on the insurance provider’s stock.

NASDAQ:OXBR opened at $4.63 on Monday. The firm’s fifty day moving average is $5.50 and its 200-day moving average is $5.33. Oxbridge Re has a 52 week low of $2.00 and a 52 week high of $7.13. The firm has a market cap of $26.62 million, a P/E ratio of 3.26 and a beta of 0.74.

Oxbridge Re (NASDAQ:OXBRGet Rating) last released its earnings results on Wednesday, March 30th. The insurance provider reported $0.27 earnings per share (EPS) for the quarter. Oxbridge Re had a net margin of 83.77% and a return on equity of 60.73%. The company had revenue of $2.07 million for the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Oxbridge Re by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock worth $299,000 after buying an additional 9,026 shares during the last quarter. Dorsey Wright & Associates bought a new stake in shares of Oxbridge Re in the 1st quarter worth $41,000. Virtu Financial LLC bought a new stake in shares of Oxbridge Re in the 4th quarter worth $178,000. Susquehanna International Group LLP bought a new stake in shares of Oxbridge Re in the 4th quarter worth $174,000. Finally, State Street Corp bought a new stake in shares of Oxbridge Re in the 4th quarter worth $83,000. Hedge funds and other institutional investors own 17.67% of the company’s stock.

About Oxbridge Re (Get Rating)

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

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