Oxbridge Re (NASDAQ:OXBR) Coverage Initiated at StockNews.com

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

Oxbridge Re Price Performance

Oxbridge Re stock opened at $3.75 on Friday. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $4.19. The firm has a market capitalization of $22.65 million, a PE ratio of -4.46 and a beta of 0.98. The company’s 50-day moving average is $2.88 and its 200-day moving average is $2.59.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.64% of the company’s stock.

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.