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

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

Shares of NASDAQ OXBR opened at $5.20 on Wednesday. The stock has a market cap of $30.07 million, a PE ratio of 3.66 and a beta of 0.74. The business has a fifty day moving average of $5.22 and a two-hundred day moving average of $5.43. Oxbridge Re has a 52-week low of $2.20 and a 52-week high of $7.13.

Oxbridge Re (NASDAQ:OXBRGet Rating) last issued its quarterly earnings data on Wednesday, March 30th. The insurance provider reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $2.07 million during the quarter. Oxbridge Re had a return on equity of 57.64% and a net margin of 83.77%.

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of Oxbridge Re by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 98,882 shares of the insurance provider’s stock valued at $555,000 after buying an additional 6,726 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Oxbridge Re by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock valued at $299,000 after purchasing an additional 9,026 shares during the period. Virtu Financial LLC acquired a new position in Oxbridge Re during the 4th quarter valued at about $178,000. Susquehanna International Group LLP acquired a new position in Oxbridge Re during the 4th quarter valued at about $174,000. Finally, Renaissance Technologies LLC lifted its position in Oxbridge Re by 73.4% during the 4th quarter. Renaissance Technologies LLC now owns 30,000 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 12,700 shares during the period. 17.67% of the stock is owned by institutional investors and hedge funds.

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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