StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a research note released on Sunday morning. The brokerage issued a hold rating on the insurance provider’s stock.
Oxbridge Re Price Performance
Shares of OXBR opened at $2.65 on Friday. The company has a market cap of $16.01 million, a P/E ratio of -1.33 and a beta of 0.95. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The stock has a fifty day moving average price of $2.42 and a 200 day moving average price of $2.20.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The insurance provider reported ($0.14) EPS for the quarter. The firm had revenue of $0.04 million for the quarter.
Insider Activity
Hedge Funds Weigh In On Oxbridge Re
An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.25% of Oxbridge Re worth $36,000 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.
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