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

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note released on Tuesday. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of OXBR stock opened at $4.12 on Tuesday. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $4.96. The firm has a market capitalization of $24.87 million, a price-to-earnings ratio of -4.90 and a beta of 0.98. The stock’s 50-day simple moving average is $3.30 and its 200-day simple moving average is $2.80.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.