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

Investment analysts at StockNews.com assumed 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 Stock Performance

OXBR opened at $4.86 on Friday. The stock has a fifty day moving average of $3.80 and a 200-day moving average of $3.01. The company has a market capitalization of $29.34 million, a P/E ratio of -5.79 and a beta of 0.93. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $5.05.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oxbridge Re stock. Geode Capital Management LLC lifted its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,294 shares of the insurance provider’s stock after buying an additional 4,141 shares during the period. Geode Capital Management LLC owned approximately 2.14% of Oxbridge Re worth $359,000 as of its most recent filing with the Securities and Exchange Commission. 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.