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

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

Oxbridge Re Stock Performance

NASDAQ OXBR opened at $3.92 on Tuesday. The firm has a market cap of $23.67 million, a price-to-earnings ratio of -4.67 and a beta of 0.94. The firm has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $3.31. Oxbridge Re has a one year low of $0.87 and a one year high of $5.81.

Institutional Trading of Oxbridge Re

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in Oxbridge Re in the fourth quarter valued at $52,000. Henrickson Nauta Wealth Advisors Inc. boosted its position in shares of Oxbridge Re by 26.7% in the 4th 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. LPL Financial LLC acquired a new stake in shares of Oxbridge Re in the 4th quarter valued at about $415,000. Finally, Geode Capital Management LLC grew its stake in Oxbridge Re by 3.3% during the 3rd 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 during the last quarter. 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.