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

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

Oxbridge Re Stock Performance

Oxbridge Re stock opened at $1.89 on Friday. The company’s fifty day moving average price is $3.79 and its 200 day moving average price is $3.41. The stock has a market capitalization of $14.07 million, a P/E ratio of -2.25 and a beta of 1.30. Oxbridge Re has a 1 year low of $0.94 and a 1 year high of $5.81.

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

Hedge Funds Weigh In On Oxbridge Re

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Oxbridge Re during the fourth quarter worth approximately $52,000. Henrickson Nauta Wealth Advisors Inc. boosted its stake in 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 worth $244,000 after purchasing an additional 12,500 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Oxbridge Re by 3.3% during the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after buying an additional 4,141 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Oxbridge Re in the fourth quarter valued at about $415,000. Hedge funds and other 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.