Analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Free Report) in a note issued to investors on Tuesday. The firm set a “hold” rating on the insurance provider’s stock.
Oxbridge Re Stock Performance
Shares of Oxbridge Re stock opened at $2.23 on Tuesday. The stock has a market capitalization of $13.47 million, a price-to-earnings ratio of -1.20 and a beta of 0.94. The company has a fifty day moving average of $2.51 and a 200-day moving average of $1.86. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $3.72.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $0.04 million for the quarter.
Insiders Place Their Bets
Institutional Investors Weigh In On Oxbridge Re
A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the insurance provider’s stock after acquiring 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 & Exchange Commission. Institutional investors and hedge funds own 5.64% of the company’s stock.
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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