Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

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

Oxbridge Re Stock Up 2.3 %

OXBR stock opened at $4.37 on Friday. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $5.05. The stock has a market capitalization of $26.39 million, a price-to-earnings ratio of -5.20 and a beta of 0.94. The firm’s fifty day simple moving average is $3.94 and its two-hundred day simple moving average is $3.09.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,800 shares of the insurance provider’s stock after purchasing an additional 31,800 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.