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

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

Oxbridge Re Trading Down 14.2 %

Shares of NASDAQ:OXBR opened at $4.12 on Tuesday. The company has a market cap of $24.87 million, a price-to-earnings ratio of -4.90 and a beta of 0.98. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $4.96. The company has a 50-day moving average price of $3.27 and a 200 day moving average price of $2.79.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 0.77% of Oxbridge Re worth $130,000 as of its most recent SEC filing. 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.