Oxbridge Re (NASDAQ:OXBR) Coverage Initiated by Analysts at StockNews.com

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

Oxbridge Re Price Performance

OXBR opened at $3.75 on Friday. The firm has a market capitalization of $22.65 million, a price-to-earnings ratio of -4.46 and a beta of 0.98. The company’s 50 day simple moving average is $2.88 and its two-hundred day simple moving average is $2.60. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $4.19.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. 5.64% of the stock is owned by institutional investors.

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.