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

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

Oxbridge Re Stock Up 2.1 %

NASDAQ:OXBR opened at $3.95 on Thursday. The company has a market cap of $23.85 million, a price-to-earnings ratio of -4.70 and a beta of 0.93. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $4.96. The company has a fifty day simple moving average of $3.55 and a two-hundred day simple moving average of $2.91.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,800 shares of the insurance provider’s stock after buying an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.77% of Oxbridge Re worth $130,000 at the end of the most recent reporting period. 5.64% of the stock is owned by hedge funds and other 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.