Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Monday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Trading Up 7.6 %

Shares of Oxbridge Re stock opened at $5.50 on Monday. The firm has a market cap of $33.22 million, a PE ratio of -6.55 and a beta of 0.94. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $5.50. The stock has a 50 day moving average of $4.25 and a 200 day moving average of $3.23.

Hedge Funds Weigh In On Oxbridge Re

Several institutional investors have recently bought and sold shares of OXBR. Geode Capital Management LLC lifted its holdings in shares of Oxbridge Re by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after acquiring an additional 4,141 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Oxbridge Re by 26.7% in 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 last quarter. Renaissance Technologies LLC bought a new stake in shares of Oxbridge Re in the 4th quarter valued at approximately $52,000. Finally, LPL Financial LLC bought a new stake in shares of Oxbridge Re in the 4th quarter valued at approximately $415,000. 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.