StockNews.com Begins Coverage on Oxbridge Re (NASDAQ:OXBR)

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

Oxbridge Re Stock Down 8.8 %

Shares of NASDAQ:OXBR opened at $3.23 on Wednesday. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $5.81. The company has a 50 day moving average of $4.34 and a two-hundred day moving average of $3.34. The company has a market capitalization of $21.76 million, a price-to-earnings ratio of -3.85 and a beta of 1.31.

Institutional Trading of Oxbridge Re

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