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

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

Oxbridge Re Trading Down 0.6 %

OXBR opened at $5.11 on Monday. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $5.33. The company has a market cap of $30.86 million, a price-to-earnings ratio of -6.08 and a beta of 0.94. The company’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $3.21.

Hedge Funds Weigh In On Oxbridge Re

Several large investors have recently added to or reduced their stakes in OXBR. Geode Capital Management LLC increased its holdings in Oxbridge Re by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 4,555 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Oxbridge Re during the fourth quarter valued at approximately $415,000. Henrickson Nauta Wealth Advisors Inc. boosted its position in shares of Oxbridge Re by 26.7% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after buying an additional 12,500 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Oxbridge Re during the fourth quarter worth $52,000. Institutional investors 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.