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

Equities research analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Trading Up 4.6 %

Shares of OXBR stock opened at $2.71 on Wednesday. The firm’s fifty day moving average price is $2.60 and its two-hundred day moving average price is $2.38. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The firm has a market capitalization of $16.36 million, a P/E ratio of -1.30 and a beta of 0.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent SEC filing. 5.64% of the stock is owned by institutional investors.

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.