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

StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Up 1.0 %

NASDAQ OXBR opened at $1.04 on Friday. The firm’s fifty day moving average price is $1.03 and its 200 day moving average price is $1.13. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $2.03.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings data on Tuesday, March 26th. The insurance provider reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of ($1.91) million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position 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 worth $299,000 after purchasing an additional 9,026 shares during the last quarter. Ameriprise Financial Inc. lifted its stake 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 acquiring an additional 10,000 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Oxbridge Re by 49.5% in the 3rd quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 10,900 shares during the period. 5.64% of the stock is owned by hedge funds and other institutional investors.

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.