Stock analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the insurance provider’s stock.
Oxbridge Re Stock Down 1.4 %
NASDAQ OXBR opened at $2.86 on Friday. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72. The firm has a 50 day moving average of $2.47 and a two-hundred day moving average of $2.05. The stock has a market capitalization of $17.24 million, a PE ratio of -1.53 and a beta of 0.94.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last issued its earnings results on Thursday, August 8th. The insurance provider reported ($0.14) EPS for the quarter. The company had revenue of $0.04 million for the quarter.
Insider Activity
Institutional Trading of 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 – Free Report) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities and Exchange Commission. 5.64% of the stock is currently owned by hedge funds and other 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.
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