Oxbridge Re (NASDAQ:OXBR) Shares Cross Above 50 Day Moving Average of $1.03

Oxbridge Re Holdings Limited (NASDAQ:OXBR) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.03 and traded as high as $1.04. Oxbridge Re shares last traded at $1.02, with a volume of 468 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Oxbridge Re in a research report on Friday. They set a “hold” rating on the stock.

Oxbridge Re Stock Performance

The stock has a market cap of $5.99 million, a P/E ratio of -0.60 and a beta of 0.86. The firm has a 50-day moving average price of $1.03 and a 200-day moving average price of $1.13.

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

Hedge Funds Weigh In On Oxbridge Re

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised 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 valued at $70,000 after buying an additional 10,900 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Oxbridge Re by 66.7% in the 3rd 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 worth $299,000 after purchasing an additional 9,026 shares in the last quarter. 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.