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

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

Oxbridge Re Stock Performance

NASDAQ:OXBR opened at $5.14 on Monday. The firm’s fifty day moving average is $4.19 and its two-hundred day moving average is $3.19. The firm has a market cap of $31.05 million, a price-to-earnings ratio of -6.12 and a beta of 0.94. Oxbridge Re has a one year low of $0.87 and a one year high of $5.33.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OXBR. Geode Capital Management LLC grew its stake 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 purchasing an additional 4,141 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its position 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 valued at $244,000 after buying an additional 12,500 shares during the period. LPL Financial LLC acquired a new stake in Oxbridge Re during the fourth quarter valued at $415,000. Finally, Renaissance Technologies LLC purchased a new position in Oxbridge Re in the fourth quarter valued at $52,000. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

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.