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

Research analysts at StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Trading Down 3.0 %

NASDAQ OXBR opened at $3.85 on Wednesday. The firm’s fifty day simple moving average is $3.46 and its two-hundred day simple moving average is $2.86. The firm has a market capitalization of $23.24 million, a P/E ratio of -4.58 and a beta of 0.93. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $4.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,800 shares of the insurance provider’s stock after buying an additional 31,800 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 at the end of the most recent reporting period. Institutional investors own 5.64% of the company’s stock.

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.