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

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

Oxbridge Re Trading Up 2.2 %

NASDAQ:OXBR opened at $2.82 on Thursday. Oxbridge Re has a 1-year low of $0.94 and a 1-year high of $5.81. The firm has a fifty day simple moving average of $4.18 and a 200 day simple moving average of $3.39. The stock has a market capitalization of $19.00 million, a PE ratio of -3.36 and a beta of 1.30.

Institutional Investors Weigh In On Oxbridge Re

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings 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 valued at $359,000 after purchasing an additional 4,141 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its holdings 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 valued at $244,000 after purchasing an additional 12,500 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Oxbridge Re during the 4th quarter valued at $52,000. Finally, LPL Financial LLC acquired a new stake in Oxbridge Re during the 4th quarter valued at $415,000. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.