StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the insurance provider’s stock.
Oxbridge Re Stock Down 2.4 %
OXBR stock opened at $2.45 on Friday. The company has a market cap of $14.80 million, a P/E ratio of -1.23 and a beta of 0.95. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $3.72. The business has a fifty day moving average of $2.43 and a 200-day moving average of $2.10.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last posted its earnings results on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $0.04 million during the quarter.
Insider Buying and Selling at Oxbridge Re
Hedge Funds Weigh In On Oxbridge Re
A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 as of its most recent SEC filing. 5.64% of the stock is owned by 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.
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