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

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

Oxbridge Re Stock Performance

Shares of Oxbridge Re stock opened at $2.17 on Friday. The company has a market capitalization of $14.62 million, a P/E ratio of -2.58 and a beta of 1.30. The company has a fifty day moving average of $4.03 and a 200 day moving average of $3.41. Oxbridge Re has a fifty-two week low of $0.94 and a fifty-two week high of $5.81.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OXBR. Renaissance Technologies LLC bought a new position in Oxbridge Re in the 4th quarter worth $52,000. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in 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 buying an additional 12,500 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Oxbridge Re by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after purchasing an additional 4,141 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Oxbridge Re during the fourth quarter valued at about $415,000. 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.