Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

Posted by on May 3rd, 2023

StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Rating) in a report released on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

OXBR stock opened at $1.25 on Wednesday. Oxbridge Re has a 52-week low of $1.07 and a 52-week high of $5.74. The company has a 50-day moving average of $1.71 and a two-hundred day moving average of $1.84. The stock has a market capitalization of $7.33 million, a price-to-earnings ratio of -4.03 and a beta of 1.35.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Renaissance Technologies LLC lifted its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Rating) by 49.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,900 shares of the insurance provider’s stock after buying an additional 10,900 shares during the period. Renaissance Technologies LLC owned about 0.57% of Oxbridge Re worth $70,000 at the end of the most recent reporting period. Institutional investors own 8.39% of the company’s stock.

About Oxbridge Re

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Oxbridge Re Holdings Ltd. engages in the provision of property and casualty reinsurance in the Gulf Coast region of the United States. Through its subsidiaries, it fully collateralizes policies to cover property losses from specified catastrophes. The company was founded by Sanjay Madhu on April 4, 2013 and is headquartered in George Town, Cayman Islands.

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