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

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

Oxbridge Re Stock Up 4.0 %

OXBR opened at $4.63 on Friday. The stock has a market cap of $27.95 million, a PE ratio of -5.51 and a beta of 0.94. The business has a 50 day moving average of $4.09 and a 200-day moving average of $3.14. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $5.05.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,294 shares of the insurance provider’s stock after acquiring an additional 4,141 shares during the period. Geode Capital Management LLC owned approximately 2.14% of Oxbridge Re worth $359,000 at the end of the most recent reporting period. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

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.