StockNews.com Begins Coverage on Oxbridge Re (NASDAQ:OXBR)

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

Oxbridge Re Trading Up 4.0 %

OXBR opened at $4.63 on Friday. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $5.05. The business’s 50-day moving average price is $4.09 and its 200-day moving average price is $3.14. The company has a market cap of $27.95 million, a P/E ratio of -5.51 and a beta of 0.94.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,300 shares of the insurance provider’s stock after buying an additional 12,500 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.98% of Oxbridge Re worth $244,000 at the end of the most recent reporting period. 5.64% of the stock is currently owned by 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.