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

Research analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ OXBR opened at $4.12 on Tuesday. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $4.96. The stock has a market capitalization of $24.87 million, a price-to-earnings ratio of -4.90 and a beta of 0.98. The business’s fifty day moving average price is $3.32 and its 200-day moving average price is $2.81.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Geode Capital Management LLC increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,294 shares of the insurance provider’s stock after purchasing an additional 4,141 shares during the quarter. Geode Capital Management LLC owned approximately 2.14% of Oxbridge Re worth $359,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.