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

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

Oxbridge Re Stock Down 1.3 %

NASDAQ OXBR opened at $3.05 on Thursday. The stock has a market capitalization of $18.42 million, a PE ratio of -3.63 and a beta of 0.96. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The company has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $2.48.

Hedge Funds Weigh In On 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) by 50.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the SEC. 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.