Oxbridge Re (NASDAQ:OXBR) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Oxbridge Re Holdings Limited (NASDAQ:OXBR)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.36 and traded as high as $5.40. Oxbridge Re shares last traded at $4.94, with a volume of 42,145 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Oxbridge Re in a research note on Tuesday. They issued a “hold” rating for the company.

Oxbridge Re Stock Performance

The firm has a market capitalization of $29.82 million, a PE ratio of -5.88 and a beta of 0.94. The business’s 50 day moving average is $4.36 and its two-hundred day moving average is $3.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in Oxbridge Re in the 4th quarter valued at approximately $52,000. Geode Capital Management LLC boosted its holdings in Oxbridge Re by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock valued at $541,000 after purchasing an additional 4,555 shares during the period. LPL Financial LLC bought a new position in Oxbridge Re in the 4th quarter valued at $415,000. Finally, Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re by 26.7% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 12,500 shares during the period. 5.64% of the stock is currently owned by hedge funds and other 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.