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

Equities researchers at StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued on Friday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of NASDAQ OXBR opened at $4.52 on Friday. The business has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $2.98. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $5.05. The stock has a market cap of $27.30 million, a price-to-earnings ratio of -5.38 and a beta of 0.93.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 as of its most recent filing with the SEC. 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.