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

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

Oxbridge Re Price Performance

Oxbridge Re stock opened at $1.58 on Friday. Oxbridge Re has a fifty-two week low of $0.94 and a fifty-two week high of $5.81. The company has a market cap of $11.76 million, a P/E ratio of -1.88 and a beta of 1.29. The firm’s 50 day simple moving average is $3.51 and its 200-day simple moving average is $3.39.

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

Institutional Investors Weigh In On Oxbridge Re

Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in 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 in the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its stake 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 in the last quarter. Renaissance Technologies LLC bought a new position in Oxbridge Re in the fourth quarter worth $52,000. Finally, LPL Financial LLC acquired a new stake in Oxbridge Re during the fourth quarter worth $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.