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

Investment analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report issued on Friday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Shares of OXBR opened at $3.08 on Friday. The business has a 50-day moving average of $2.77 and a 200-day moving average of $2.51. The company has a market capitalization of $18.59 million, a price-to-earnings ratio of -3.67 and a beta of 0.96. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72.

Institutional Trading of Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent SEC filing. 5.64% of the stock is owned by hedge funds and other institutional investors.

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.