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

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report issued on Monday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Down 0.6 %

NASDAQ OXBR opened at $5.11 on Monday. The company has a market cap of $30.86 million, a price-to-earnings ratio of -6.08 and a beta of 0.94. The business’s fifty day moving average is $4.22 and its 200 day moving average is $3.21. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $5.33.

Hedge Funds Weigh In On Oxbridge Re

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in 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 buying an additional 4,555 shares during the period. LPL Financial LLC bought a new position in Oxbridge Re during the 4th quarter worth approximately $415,000. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of 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 worth $244,000 after purchasing an additional 12,500 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Oxbridge Re in the 4th quarter valued at $52,000. Institutional investors and hedge funds 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.