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

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

Oxbridge Re Stock Down 4.9 %

OXBR opened at $1.37 on Tuesday. Oxbridge Re has a 52 week low of $0.98 and a 52 week high of $5.81. The firm has a market cap of $10.20 million, a P/E ratio of -1.63 and a beta of 1.29. The business’s fifty day simple moving average is $2.78 and its 200 day simple moving average is $3.27.

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

Institutional Investors Weigh In On Oxbridge Re

A number of institutional investors have recently made changes to their positions in OXBR. Renaissance Technologies LLC acquired a new stake in shares of Oxbridge Re in the fourth quarter valued at approximately $52,000. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re by 15.9% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock worth $130,000 after buying an additional 9,400 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Oxbridge Re by 3.3% in the third 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. Finally, LPL Financial LLC acquired a new stake in shares of Oxbridge Re during the fourth quarter worth approximately $415,000. 5.64% of the stock is currently owned by institutional investors.

About Oxbridge Re

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.