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

Investment analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a note issued to investors on Sunday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Trading Down 11.6 %

OXBR opened at $1.60 on Friday. The stock has a market cap of $11.91 million, a PE ratio of -1.90 and a beta of 1.29. Oxbridge Re has a 1 year low of $0.94 and a 1 year high of $5.81. The stock’s 50 day simple moving average is $3.57 and its 200-day simple moving average is $3.38.

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

Institutional Investors Weigh In On Oxbridge Re

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 4,141 shares during the period. Henrickson Nauta Wealth Advisors Inc. raised its stake in Oxbridge Re by 26.7% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 12,500 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Oxbridge Re during the fourth quarter valued at $52,000. Finally, LPL Financial LLC acquired a new stake in shares of Oxbridge Re in the 4th quarter valued at $415,000. 5.64% of the stock is owned by institutional investors and hedge funds.

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.