Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

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

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

Oxbridge Re Price Performance

Oxbridge Re stock opened at $1.93 on Friday. Oxbridge Re has a 1-year low of $1.27 and a 1-year high of $5.81. The stock’s 50 day moving average price is $1.82 and its 200 day moving average price is $3.14. The company has a market cap of $14.36 million, a PE ratio of -2.30 and a beta of 1.54.

Oxbridge Re (NASDAQ:OXBR) last issued its earnings results on Monday, May 12th. The insurance provider reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.65 million.

Institutional Investors Weigh In On Oxbridge Re

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Armistice Capital LLC acquired a new position in shares of Oxbridge Re in the 1st quarter valued at approximately $1,176,000. Geode Capital Management LLC raised its stake in Oxbridge Re by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock valued at $541,000 after buying an additional 4,555 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Oxbridge Re in the 4th quarter worth approximately $415,000. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re by 15.9% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 68,700 shares of the insurance provider’s stock valued at $130,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Oxbridge Re during the fourth quarter worth $52,000. Hedge funds and other 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.