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

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

Oxbridge Re Stock Performance

Shares of OXBR stock opened at $3.95 on Monday. The firm’s 50 day moving average price is $3.12 and its two-hundred day moving average price is $2.72. The stock has a market cap of $23.85 million, a PE ratio of -4.70 and a beta of 0.98. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $4.19.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the insurance provider’s stock after acquiring 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 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.