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

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

Oxbridge Re Trading Up 1.5 %

OXBR opened at $2.02 on Friday. The company has a market cap of $15.03 million, a P/E ratio of -2.40 and a beta of 1.30. Oxbridge Re has a 12 month low of $0.94 and a 12 month high of $5.81. The business’s 50-day moving average price is $3.84 and its 200-day moving average price is $3.41.

Oxbridge Re (NASDAQ:OXBR) last announced its quarterly earnings data on Wednesday, March 26th. The insurance provider reported ($0.05) earnings per share for the quarter. The business had revenue of $0.42 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in shares of Oxbridge Re during the fourth quarter valued at about $52,000. Geode Capital Management LLC grew its stake in Oxbridge Re by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 4,555 shares during the period. LPL Financial LLC bought a new position in Oxbridge Re in the fourth quarter worth $415,000. Finally, Henrickson Nauta Wealth Advisors Inc. raised its holdings in 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 worth $244,000 after purchasing an additional 12,500 shares in the last 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.