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

Analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of OXBR opened at $1.03 on Thursday. The firm has a market cap of $6.05 million, a PE ratio of -0.61 and a beta of 0.86. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $2.03. The business’s 50 day moving average price is $1.03 and its two-hundred day moving average price is $1.13.

Oxbridge Re (NASDAQ:OXBR) last released its earnings results on Tuesday, March 26th. The insurance provider reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of ($1.91) million for the quarter.

Institutional Trading of Oxbridge Re

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXBR. Ameriprise Financial Inc. grew its stake in Oxbridge Re by 66.7% in the third quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 10,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Oxbridge Re by 49.5% in the 3rd quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Oxbridge Re by 19.7% in 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. 5.64% of the stock is owned by institutional investors.

Oxbridge Re Company Profile

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