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

Research analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Shares of OXBR opened at $4.12 on Tuesday. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $4.96. The company has a 50 day simple moving average of $3.32 and a two-hundred day simple moving average of $2.81. The firm has a market cap of $24.87 million, a P/E ratio of -4.90 and a beta of 0.98.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC raised its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,294 shares of the insurance provider’s stock after acquiring 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 (SEC). Institutional investors own 5.64% of the company’s stock.

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.