StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the insurance provider’s stock.
Oxbridge Re Stock Performance
Oxbridge Re stock opened at $2.39 on Tuesday. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The company’s 50 day simple moving average is $2.51 and its 200-day simple moving average is $1.88. The company has a market capitalization of $14.44 million, a price-to-earnings ratio of -1.28 and a beta of 0.94.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter. The firm had revenue of $0.04 million during the quarter.
Insiders Place Their Bets
Institutional Trading of Oxbridge Re
A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.
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