Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

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

Oxbridge Re Stock Performance

OXBR stock opened at $3.29 on Wednesday. The firm has a fifty day moving average price of $4.29 and a 200 day moving average price of $3.35. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $5.81. The firm has a market cap of $22.16 million, a PE ratio of -3.92 and a beta of 1.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in shares of Oxbridge Re in the fourth quarter valued at $52,000. Henrickson Nauta Wealth Advisors Inc. boosted its stake in 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 worth $244,000 after buying an additional 12,500 shares during the period. Geode Capital Management LLC boosted its stake in Oxbridge Re by 3.3% during the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after buying an additional 4,141 shares during the period. Finally, LPL Financial LLC purchased a new position in Oxbridge Re during the fourth quarter worth $415,000. 5.64% of the stock is owned by hedge funds and other institutional investors.

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.