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

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note released on Friday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

OXBR opened at $4.86 on Friday. Oxbridge Re has a one year low of $0.87 and a one year high of $5.05. The company has a market capitalization of $29.35 million, a PE ratio of -5.79 and a beta of 0.93. The stock’s fifty day moving average is $3.80 and its 200-day moving average is $3.02.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,800 shares of the insurance provider’s stock after purchasing an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.77% of Oxbridge Re worth $130,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.