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

Stock analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Friday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Shares of OXBR stock opened at $3.08 on Friday. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The company has a market cap of $18.60 million, a PE ratio of -3.67 and a beta of 0.96. The business’s 50 day moving average is $2.78 and its two-hundred day moving average is $2.53.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC lifted its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,294 shares of the insurance provider’s stock after purchasing an additional 4,141 shares during the period. Geode Capital Management LLC owned 2.14% of Oxbridge Re worth $359,000 as of its most recent filing with the SEC. 5.64% of the stock is 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.