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

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

Oxbridge Re Trading Down 0.8 %

NASDAQ:OXBR opened at $3.75 on Friday. The stock has a 50-day moving average price of $2.99 and a 200 day moving average price of $2.66. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $4.19. The stock has a market capitalization of $22.65 million, a P/E ratio of -4.46 and a beta of 0.98.

Hedge Funds Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Geode Capital Management LLC boosted its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.