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

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBRFree Report) in a report released on Sunday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Oxbridge Re stock opened at $1.03 on Friday. The stock has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.30. Oxbridge Re has a 52-week low of $0.96 and a 52-week high of $2.73. The firm has a market capitalization of $6.05 million, a P/E ratio of -0.93 and a beta of 1.06.

Oxbridge Re (NASDAQ:OXBRGet Free Report) last announced its earnings results on Tuesday, November 14th. The insurance provider reported ($1.24) EPS for the quarter. The firm had revenue of ($6.38) million during the quarter.

Hedge Funds Weigh In On Oxbridge Re

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of Oxbridge Re by 66.7% during the third quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 10,000 shares during the period. Renaissance Technologies LLC raised its position in Oxbridge Re by 49.5% in the 3rd quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock valued at $70,000 after buying an additional 10,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Oxbridge Re by 19.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock valued at $299,000 after buying an additional 9,026 shares during the last quarter. Institutional investors own 21.37% of the company’s stock.

About Oxbridge Re

(Get Free Report)

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It distributes its products and solutions through reinsurance brokers.

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