Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

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

Oxbridge Re Stock Up 1.9 %

Shares of NASDAQ:OXBR opened at $2.70 on Tuesday. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72. The stock has a market cap of $16.31 million, a PE ratio of -1.36 and a beta of 0.96. The business has a 50 day moving average of $2.55 and a 200-day moving average of $2.33.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $0.04 million during the quarter.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. 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.