StockNews.com Begins Coverage on Oxbridge Re (NASDAQ:OXBR)

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Wednesday. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

OXBR opened at $2.74 on Wednesday. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $3.72. The company’s 50 day moving average price is $2.63 and its two-hundred day moving average price is $2.40. The firm has a market capitalization of $16.55 million, a price-to-earnings ratio of -3.26 and a beta of 0.96.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities and Exchange Commission. 5.64% of the stock is owned by institutional investors and hedge funds.

Oxbridge Re Company Profile

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.