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

Research analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued on Tuesday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Shares of OXBR opened at $4.94 on Tuesday. Oxbridge Re has a one year low of $0.87 and a one year high of $5.81. The business has a fifty day moving average of $4.36 and a 200 day moving average of $3.30. The firm has a market capitalization of $29.82 million, a P/E ratio of -5.88 and a beta of 0.94.

Hedge Funds Weigh In On Oxbridge Re

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Oxbridge Re by 3.3% during the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after buying an additional 4,141 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Oxbridge Re by 26.7% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after acquiring an additional 12,500 shares during the period. LPL Financial LLC bought a new stake in shares of Oxbridge Re during the 4th quarter valued at $415,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Oxbridge Re in the 4th quarter worth $52,000. 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.