StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a report issued on Thursday morning. The firm issued a hold rating on the insurance provider’s stock.
Oxbridge Re Trading Down 0.7 %
Shares of OXBR opened at $2.79 on Thursday. The firm has a 50-day moving average price of $2.52 and a 200 day moving average price of $1.63. 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 $16.77 million, a P/E ratio of -1.50 and a beta of 0.99.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The insurance provider reported ($0.15) earnings per share for the quarter. The firm had revenue of ($0.13) million for the quarter.
Insider Buying and Selling at Oxbridge Re
Institutional Investors Weigh In On Oxbridge Re
A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,000 shares of the insurance provider’s stock after purchasing 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. 5.64% of the stock is currently owned by institutional investors.
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.
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