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

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

Oxbridge Re Trading Down 3.2 %

Shares of Oxbridge Re stock opened at $2.99 on Thursday. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The firm has a market capitalization of $18.06 million, a price-to-earnings ratio of -3.68 and a beta of 0.96. The firm’s 50 day simple moving average is $2.69 and its two-hundred day simple moving average is $2.45.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.