Oxbridge Re (NASDAQ:OXBR) Stock Passes Above 50 Day Moving Average of $1.03

Oxbridge Re Holdings Limited (NASDAQ:OXBR) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.03 and traded as high as $1.04. Oxbridge Re shares last traded at $1.02, with a volume of 468 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Oxbridge Re in a report on Friday. They issued a “hold” rating on the stock.

Oxbridge Re Stock Performance

The firm’s 50 day moving average is $1.03 and its 200-day moving average is $1.13. The company has a market cap of $5.99 million, a PE ratio of -0.60 and a beta of 0.86.

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

Institutional Trading of Oxbridge Re

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings 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 last quarter. Renaissance Technologies LLC lifted its stake 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 valued at $70,000 after purchasing an additional 10,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Oxbridge Re by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 9,026 shares during the period. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.