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

StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report issued on Wednesday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ:OXBR opened at $2.71 on Wednesday. The business’s 50-day simple moving average is $2.60 and its 200-day simple moving average is $2.38. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $3.72. The stock has a market capitalization of $16.36 million, a PE ratio of -1.30 and a beta of 0.96.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. 5.64% of the stock is currently owned by institutional investors and hedge funds.

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.