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

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

Oxbridge Re Stock Performance

Shares of OXBR stock opened at $4.27 on Friday. The business’s fifty day moving average is $3.92 and its 200-day moving average is $3.07. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $5.05. The stock has a market cap of $25.79 million, a PE ratio of -5.08 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. raised its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the 3rd 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 purchasing an additional 31,800 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.