Analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Free Report) in a research note issued on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.
Oxbridge Re Price Performance
NASDAQ:OXBR opened at $2.35 on Wednesday. The firm has a market cap of $14.19 million, a price-to-earnings ratio of -1.26 and a beta of 0.94. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $3.72. The firm’s fifty day moving average price is $2.52 and its 200 day moving average price is $1.92.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last issued its earnings results on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter. The firm 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. boosted its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. 5.64% of the stock is currently owned by institutional investors and hedge funds.
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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