Oxbridge Re Holdings Limited (NASDAQ:OXBR) Shares Purchased by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. grew its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,700 shares of the insurance provider’s stock after purchasing an additional 9,400 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.92% of Oxbridge Re worth $130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OXBR. Renaissance Technologies LLC acquired a new stake in Oxbridge Re during the fourth quarter worth about $52,000. Geode Capital Management LLC grew its stake in shares of Oxbridge Re by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock valued at $541,000 after buying an additional 4,555 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Oxbridge Re during the 4th quarter worth approximately $415,000. Institutional investors and hedge funds own 5.64% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sanjay Madhu acquired 22,500 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $1.86 per share, with a total value of $41,850.00. Following the completion of the transaction, the chief executive officer now owns 379,679 shares of the company’s stock, valued at $706,202.94. The trade was a 6.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 19.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on OXBR shares. Maxim Group started coverage on Oxbridge Re in a research report on Wednesday, April 30th. They issued a “buy” rating and a $5.00 price objective for the company. Wall Street Zen initiated coverage on Oxbridge Re in a report on Friday, May 16th. They set a “hold” rating for the company.

Oxbridge Re Stock Performance

Shares of OXBR stock opened at $1.71 on Monday. The firm has a market cap of $12.73 million, a P/E ratio of -2.04 and a beta of 1.68. The firm’s 50 day moving average price is $1.64 and its 200-day moving average price is $3.03. Oxbridge Re Holdings Limited has a one year low of $1.27 and a one year high of $5.81.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings data on Monday, May 12th. The insurance provider reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.65 million.

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.