Oxbridge Re (NASDAQ:OXBR) Now Covered by Analysts at StockNews.com

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

Oxbridge Re Price Performance

Shares of Oxbridge Re stock opened at $3.85 on Wednesday. The stock has a market cap of $23.24 million, a price-to-earnings ratio of -4.58 and a beta of 0.93. The firm’s 50-day moving average is $3.44 and its two-hundred day moving average is $2.86. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $4.96.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.77% of Oxbridge Re worth $130,000 as of its most recent filing with the Securities & Exchange Commission. 5.64% of the stock is owned by hedge funds and other 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.