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

StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued on Friday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Down 2.4 %

Shares of NASDAQ OXBR opened at $1.02 on Friday. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $2.03. The company has a market cap of $5.99 million, a P/E ratio of -0.60 and a beta of 0.86. The business’s 50 day moving average is $1.03 and its two-hundred day moving average 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 for the quarter. The company had revenue of ($1.91) million during the quarter.

Hedge Funds Weigh In On Oxbridge Re

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Oxbridge Re by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock worth $299,000 after acquiring an additional 9,026 shares in the last quarter. Renaissance Technologies LLC grew 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 during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Oxbridge Re by 66.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 5.64% of the company’s stock.

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.