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

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

Oxbridge Re Trading Down 2.8 %

Shares of OXBR stock opened at $1.04 on Tuesday. The stock has a market cap of $6.10 million, a P/E ratio of -0.94 and a beta of 0.86. The stock has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $1.13. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $2.06.

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

Institutional Investors Weigh In On Oxbridge Re

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Oxbridge Re by 19.7% during the first 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. Renaissance Technologies LLC lifted 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 last quarter. Finally, Ameriprise Financial Inc. lifted its stake in 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 during the last quarter. 5.64% of the stock is currently owned by institutional investors.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It distributes its products and solutions through reinsurance brokers.