Oxbridge Re (NASDAQ:OXBR) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report sent to investors on Friday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of NASDAQ:OXBR opened at $3.08 on Friday. The company has a market capitalization of $18.60 million, a price-to-earnings ratio of -3.67 and a beta of 0.96. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The business has a 50-day moving average price of $2.78 and a 200 day moving average price of $2.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,800 shares of the insurance provider’s stock after buying an additional 31,800 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.77% of Oxbridge Re worth $130,000 at the end of the most recent reporting period. 5.64% of the stock is 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.