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

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

Oxbridge Re Price Performance

NASDAQ:OXBR opened at $3.08 on Friday. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The business has a 50 day simple moving average of $2.78 and a 200 day simple moving average of $2.53. The firm has a market capitalization of $18.60 million, a P/E ratio of -3.67 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. increased its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the 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 approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the SEC. 5.64% of the stock is owned by hedge funds and other institutional investors.

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.