Equities researchers at StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Free Report) in a report released on Thursday. The firm set a “hold” rating on the insurance provider’s stock.
Oxbridge Re Stock Down 0.4 %
NASDAQ:OXBR opened at $2.79 on Thursday. The business’s 50-day simple moving average is $2.51 and its two-hundred day simple moving average is $1.99. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72. The stock has a market cap of $16.76 million, a PE ratio of -1.50 and a beta of 0.94.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $0.04 million for the quarter.
Insider Buying and Selling at Oxbridge Re
Institutional Inflows and Outflows
An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% in the 2nd quarter, according to its most recent filing 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 approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. Hedge funds and other 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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