Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

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

Oxbridge Re Stock Up 9.4 %

NASDAQ OXBR opened at $4.32 on Thursday. The firm has a market capitalization of $26.09 million, a P/E ratio of -5.14 and a beta of 0.93. The company has a 50-day moving average price of $3.61 and a 200-day moving average price of $2.93. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $4.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 46,800 shares of the insurance provider’s stock after purchasing 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 SEC filing. Institutional investors 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.