Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

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

Oxbridge Re Trading Up 5.2 %

OXBR opened at $4.05 on Wednesday. The firm has a 50 day moving average of $3.48 and a two-hundred day moving average of $2.88. The firm has a market capitalization of $24.45 million, a PE ratio of -4.82 and a beta of 0.93. Oxbridge Re has a 12-month low of $0.87 and a 12-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. lifted its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,800 shares of the insurance provider’s stock after purchasing 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 filing with the Securities & Exchange Commission. 5.64% of the stock is 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.