Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report published on Wednesday. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of Oxbridge Re stock opened at $1.80 on Wednesday. Oxbridge Re has a 52 week low of $1.15 and a 52 week high of $5.81. The stock has a 50 day moving average price of $2.14 and a two-hundred day moving average price of $3.20. The stock has a market capitalization of $13.36 million, a PE ratio of -2.14 and a beta of 1.29.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings results on Wednesday, March 26th. The insurance provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.42 million for the quarter.

Institutional Trading of Oxbridge Re

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXBR. Geode Capital Management LLC boosted its position in shares of Oxbridge Re by 3.5% during the fourth 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. LPL Financial LLC bought a new position in Oxbridge Re during the 4th quarter valued at $415,000. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re by 15.9% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock worth $130,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Oxbridge Re in the 4th quarter worth $52,000. 5.64% of the stock is owned by 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.