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

by · The Cerbat Gem

StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the insurance provider’s stock.

Separately, Maxim Group began coverage on Oxbridge Re in a report on Wednesday, April 30th. They issued a “buy” rating and a $5.00 price objective for the company.

Get Our Latest Analysis on OXBR

Oxbridge Re Price Performance

Shares of OXBR opened at $1.65 on Thursday. The firm has a market capitalization of $12.28 million, a PE ratio of -1.96 and a beta of 1.54. The company’s fifty day moving average price is $1.94 and its 200-day moving average price is $3.16. Oxbridge Re has a 1-year low of $1.27 and a 1-year high of $5.81.

Oxbridge Re (NASDAQ:OXBR – Get Free Report) last released its earnings results on Wednesday, March 26th. The insurance provider reported ($0.05) EPS for the quarter. The company had revenue of $0.42 million during the quarter.

Institutional Trading of Oxbridge Re

Several institutional investors have recently bought and sold shares of OXBR. Renaissance Technologies LLC purchased a new stake in Oxbridge Re in the 4th quarter worth $52,000. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re by 15.9% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock worth $130,000 after buying an additional 9,400 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Oxbridge Re by 3.3% during the third quarter. Geode Capital Management LLC now owns 129,294 shares of the insurance provider’s stock valued at $359,000 after acquiring an additional 4,141 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Oxbridge Re in the fourth quarter valued at approximately $415,000. 5.64% of the stock is owned by institutional investors and hedge funds.

Oxbridge Re Company Profile

(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.

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