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

Equities research analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Separately, Maxim Group initiated coverage on Oxbridge Re in a research note on Wednesday, April 30th. They set a “buy” rating and a $5.00 target price for the company.

Oxbridge Re Trading Up 14.6 %

Shares of OXBR opened at $1.65 on Thursday. Oxbridge Re has a 12-month low of $1.27 and a 12-month high of $5.81. The company’s 50-day moving average price is $1.94 and its 200 day moving average price is $3.16. The firm has a market cap of $12.28 million, a P/E ratio of -1.96 and a beta of 1.54.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in Oxbridge Re during the fourth quarter worth approximately $52,000. Henrickson Nauta Wealth Advisors Inc. grew its stake in shares of Oxbridge Re by 15.9% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock valued at $130,000 after purchasing an additional 9,400 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Oxbridge Re by 3.3% during the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after acquiring an additional 4,141 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Oxbridge Re during the fourth quarter worth approximately $415,000. 5.64% of the stock is owned by institutional investors and hedge funds.

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.