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

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

Oxbridge Re Stock Up 5.6 %

Shares of NASDAQ:OXBR opened at $3.95 on Monday. The firm has a market capitalization of $23.85 million, a PE ratio of -4.70 and a beta of 0.98. The company has a 50-day moving average price of $3.10 and a two-hundred day moving average price of $2.71. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $4.19.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 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.