Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

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

Oxbridge Re Price Performance

Shares of OXBR opened at $3.52 on Tuesday. The company has a 50-day moving average of $4.37 and a 200 day moving average of $3.31. The firm has a market capitalization of $21.25 million, a price-to-earnings ratio of -4.19 and a beta of 0.94. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $5.81.

Institutional Trading of Oxbridge Re

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Oxbridge Re by 3.3% in the 3rd 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. Henrickson Nauta Wealth Advisors Inc. lifted its holdings 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 valued at $244,000 after purchasing an additional 12,500 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Oxbridge Re in the fourth quarter valued at about $52,000. Finally, LPL Financial LLC purchased a new stake in shares of Oxbridge Re during the fourth quarter worth about $415,000. 5.64% of the stock is owned by institutional investors and hedge funds.

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.