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

StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note released on Sunday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Shares of Oxbridge Re stock opened at $1.52 on Friday. The business has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.37. The company has a market capitalization of $11.31 million, a P/E ratio of -1.81 and a beta of 1.29. Oxbridge Re has a 1 year low of $0.94 and a 1 year high of $5.81.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings data 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 during the quarter.

Hedge Funds Weigh In On Oxbridge Re

Institutional investors have recently modified their holdings of the company. LPL Financial LLC purchased a new stake in Oxbridge Re in the 4th quarter worth approximately $415,000. Renaissance Technologies LLC purchased a new stake in shares of Oxbridge Re in the fourth quarter valued at $52,000. Henrickson Nauta Wealth Advisors Inc. grew its position 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 during the period. Finally, Geode Capital Management LLC increased 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 valued at $541,000 after purchasing an additional 4,555 shares during the last quarter. Institutional investors and hedge funds 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.