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

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

Oxbridge Re Price Performance

OXBR opened at $3.05 on Thursday. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The stock has a market capitalization of $18.42 million, a PE ratio of -3.63 and a beta of 0.96. The firm’s fifty day moving average price is $2.70 and its 200 day moving average price is $2.47.

Hedge Funds Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 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.