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

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

Oxbridge Re Stock Down 1.6 %

Shares of OXBR stock opened at $3.78 on Friday. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $4.19. The stock has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $2.65. The stock has a market capitalization of $22.83 million, a P/E ratio of -4.50 and a beta of 0.98.

Hedge Funds Weigh In On Oxbridge Re

A hedge fund recently raised its stake 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.77% of Oxbridge Re worth $130,000 as of its most recent SEC filing. 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.