Oxbridge Re (NASDAQ:OXBR) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Trading Up 1.3 %

Oxbridge Re stock opened at $3.10 on Thursday. The business’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $2.44. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The company has a market cap of $18.72 million, a price-to-earnings ratio of -3.69 and a beta of 0.96.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.