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

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

Oxbridge Re Stock Performance

Shares of OXBR stock opened at $2.82 on Thursday. The company has a market capitalization of $19.00 million, a P/E ratio of -3.36 and a beta of 1.30. The company’s 50 day moving average price is $4.18 and its two-hundred day moving average price is $3.39. Oxbridge Re has a 52 week low of $0.94 and a 52 week high of $5.81.

Hedge Funds Weigh In On Oxbridge Re

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in shares of Oxbridge Re during the 4th quarter worth approximately $52,000. Geode Capital Management LLC grew 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 worth $541,000 after acquiring an additional 4,555 shares in the last quarter. LPL Financial LLC bought a new position in shares of Oxbridge Re during the 4th quarter worth approximately $415,000. Finally, Henrickson Nauta Wealth Advisors Inc. grew its stake in shares of Oxbridge Re by 26.7% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 12,500 shares in the last quarter. 5.64% of the stock is owned by 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.