Oxbridge Re (NASDAQ:OXBR) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBRGet Free Report) in a note issued to investors on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Down 2.9 %

NASDAQ:OXBR opened at $1.00 on Thursday. The stock’s fifty day moving average is $1.03 and its two-hundred day moving average is $1.13. The company has a market capitalization of $5.87 million, a P/E ratio of -0.59 and a beta of 0.86. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $2.03.

Oxbridge Re (NASDAQ:OXBRGet Free Report) last posted its earnings results on Tuesday, March 26th. The insurance provider reported ($0.46) EPS for the quarter. The business had revenue of ($1.91) million for the quarter.

Institutional Trading of Oxbridge Re

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Oxbridge Re by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock valued at $299,000 after acquiring an additional 9,026 shares during the period. Renaissance Technologies LLC increased its stake in Oxbridge Re by 49.5% during the third quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 10,900 shares during the period. Finally, Ameriprise Financial Inc. lifted 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 in the last quarter. Institutional investors and hedge funds own 5.64% of the company’s stock.

About Oxbridge Re

(Get Free Report)

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.

Further Reading

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