StockNews.com Initiates Coverage on Oxbridge Re (NASDAQ:OXBR)

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

Oxbridge Re Trading Up 1.1 %

Shares of OXBR stock opened at $2.74 on Wednesday. The stock has a market capitalization of $16.55 million, a price-to-earnings ratio of -3.26 and a beta of 0.96. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The stock’s 50-day moving average price is $2.63 and its 200-day moving average price is $2.40.

Institutional Investors 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 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.