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

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

Oxbridge Re Stock Down 3.9 %

Oxbridge Re stock opened at $2.92 on Thursday. Oxbridge Re has a 52-week low of $0.94 and a 52-week high of $5.81. The firm has a market capitalization of $19.67 million, a price-to-earnings ratio of -3.48 and a beta of 1.30. The company has a fifty day simple moving average of $4.22 and a 200-day simple moving average of $3.38.

Institutional Investors Weigh In On Oxbridge Re

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in shares of Oxbridge Re during the fourth quarter worth $52,000. Henrickson Nauta Wealth Advisors Inc. grew its holdings in shares of Oxbridge Re by 26.7% in the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 12,500 shares during the period. Geode Capital Management LLC grew 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 valued at $359,000 after purchasing an additional 4,141 shares during the period. Finally, LPL Financial LLC purchased a new stake in shares of Oxbridge Re in the fourth quarter valued at about $415,000. 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.