Oxbridge Re (NASDAQ:OXBR) Now Covered by StockNews.com

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

Oxbridge Re Stock Down 1.6 %

Shares of OXBR opened at $3.78 on Friday. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $4.19. The firm has a market capitalization of $22.83 million, a price-to-earnings ratio of -4.50 and a beta of 0.98. The stock’s 50-day moving average price is $2.97 and its 200 day moving average price is $2.65.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC increased its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,294 shares of the insurance provider’s stock after acquiring an additional 4,141 shares during the period. Geode Capital Management LLC owned about 2.14% of Oxbridge Re worth $359,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.