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

Investment analysts at StockNews.com began 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 2.4 %

Oxbridge Re stock opened at $3.87 on Thursday. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $4.96. The firm has a 50-day moving average price of $3.53 and a 200-day moving average price of $2.90. The firm has a market capitalization of $23.36 million, a PE ratio of -4.61 and a beta of 0.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.64% of the company’s stock.

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.