StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a report released on Tuesday. The brokerage issued a hold rating on the insurance provider’s stock.
Oxbridge Re Price Performance
Shares of Oxbridge Re stock opened at $2.34 on Tuesday. The business has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $1.89. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The company has a market capitalization of $14.06 million, a price-to-earnings ratio of -1.26 and a beta of 0.94.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $0.04 million during the quarter.
Insider Transactions at Oxbridge Re
Institutional Inflows and Outflows
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% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the SEC. 5.64% of the stock is currently owned by hedge funds and other institutional investors.
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.
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