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

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

Oxbridge Re Trading Up 3.4 %

OXBR opened at $3.95 on Monday. The stock has a market capitalization of $23.85 million, a P/E ratio of -4.70 and a beta of 0.98. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $4.19. The firm’s fifty day simple moving average is $3.12 and its 200 day simple moving average is $2.72.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 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.

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.