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

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

Oxbridge Re Trading Up 3.4 %

NASDAQ:OXBR opened at $3.95 on Monday. The firm’s 50 day moving average is $3.15 and its 200 day moving average is $2.73. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $4.19. The stock has a market capitalization of $23.85 million, a PE ratio of -4.70 and a beta of 0.98.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.