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

Investment analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a note issued to investors on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Up 2.2 %

Shares of Oxbridge Re stock opened at $2.82 on Thursday. The company has a market capitalization of $19.00 million, a price-to-earnings ratio of -3.36 and a beta of 1.30. Oxbridge Re has a 12-month low of $0.94 and a 12-month high of $5.81. The firm’s 50-day moving average price is $4.18 and its two-hundred day moving average price is $3.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Oxbridge Re in the fourth quarter worth about $52,000. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Oxbridge Re by 26.7% in the fourth 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 during the last quarter. LPL Financial LLC bought a new position in shares of Oxbridge Re in the fourth quarter worth about $415,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Oxbridge Re by 3.3% in the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock worth $359,000 after acquiring an additional 4,141 shares during the last quarter. Institutional investors own 5.64% of the company’s stock.

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.