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

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

Oxbridge Re Stock Down 7.3 %

Shares of NASDAQ OXBR opened at $2.17 on Friday. Oxbridge Re has a twelve month low of $0.94 and a twelve month high of $5.81. The firm has a market cap of $14.62 million, a P/E ratio of -2.58 and a beta of 1.30. The company has a 50 day moving average of $4.03 and a 200 day moving average of $3.41.

Hedge Funds Weigh In On Oxbridge Re

Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC purchased a new stake in Oxbridge Re during the 4th quarter valued at $415,000. Renaissance Technologies LLC bought a new stake in shares of Oxbridge Re during the 4th quarter valued at $52,000. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Oxbridge Re by 26.7% during 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 period. Finally, Geode Capital Management LLC grew its position in shares of Oxbridge Re by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock valued at $541,000 after acquiring an additional 4,555 shares during the period. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

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.