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

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

Oxbridge Re Price Performance

Shares of OXBR stock opened at $1.04 on Friday. The company’s 50 day moving average is $1.03 and its 200 day moving average is $1.13. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $2.03.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings data on Tuesday, March 26th. The insurance provider reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of ($1.91) million for the quarter.

Hedge Funds Weigh In On Oxbridge Re

Several institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in Oxbridge Re by 66.7% during the third quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock valued at $35,000 after buying an additional 10,000 shares during the period. Renaissance Technologies LLC grew its holdings in Oxbridge Re by 49.5% in the third quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 10,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Oxbridge Re by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 9,026 shares during the last quarter. 5.64% of the stock is owned by hedge funds and other institutional investors.

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.