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

Analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Up 5.6 %

Shares of Oxbridge Re stock opened at $3.95 on Monday. The company has a market cap of $23.85 million, a PE ratio of -4.70 and a beta of 0.98. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $4.19. The business has a 50 day moving average price of $3.10 and a 200-day moving average price of $2.71.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,000 shares of the insurance provider’s stock after buying 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. Institutional investors 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.