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

Analysts at StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ:OXBR opened at $3.85 on Wednesday. The firm has a market capitalization of $23.24 million, a price-to-earnings ratio of -4.58 and a beta of 0.93. The business has a 50 day simple moving average of $3.46 and a 200-day simple moving average of $2.86. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $4.96.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.77% of Oxbridge Re worth $130,000 at the end of the most recent quarter. Institutional investors 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.