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

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

Oxbridge Re Price Performance

Shares of NASDAQ OXBR opened at $3.10 on Friday. The stock has a market cap of $18.72 million, a PE ratio of -3.69 and a beta of 0.96. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The firm has a fifty day moving average price of $2.78 and a 200-day moving average price of $2.52.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Geode Capital Management LLC boosted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 2.14% of Oxbridge Re worth $359,000 at the end of the most recent quarter. 5.64% of the stock is owned by institutional investors and hedge funds.

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.