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

Analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Up 4.2 %

Oxbridge Re stock opened at $3.97 on Wednesday. The firm has a market cap of $23.97 million, a P/E ratio of -4.73 and a beta of 0.93. The business has a fifty day moving average of $3.40 and a two-hundred day moving average of $2.84. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $4.96.

Institutional Trading of 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) by 212.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 & Exchange Commission. Hedge funds and other 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.