Oxbridge Re (NASDAQ:OXBR) Issues Quarterly Earnings Results

Oxbridge Re (NASDAQ:OXBR) issued its quarterly earnings data on Tuesday. The insurance provider reported ($0.46) EPS for the quarter, Zacks reports. The business had revenue of ($1.91) million during the quarter.

Oxbridge Re Price Performance

NASDAQ OXBR opened at $1.06 on Friday. The company’s fifty day simple moving average is $1.01 and its 200-day simple moving average is $1.13. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $2.06.

Institutional Investors Weigh In On Oxbridge Re

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position 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 valued at $299,000 after buying an additional 9,026 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Oxbridge Re by 66.7% in the third quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Oxbridge Re by 49.5% during the 3rd quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 10,900 shares in the last quarter. 5.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Oxbridge Re in a report on Tuesday. They set a “hold” rating on the stock.

About Oxbridge Re

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.