StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the insurance provider’s stock.
Oxbridge Re Price Performance
Oxbridge Re stock traded down $0.12 during midday trading on Friday, hitting $2.59. The company’s stock had a trading volume of 14,799 shares, compared to its average volume of 46,192. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The stock’s 50-day moving average price is $2.57 and its 200-day moving average price is $1.68.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The insurance provider reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of ($0.13) million during the quarter.
Insider Activity
Institutional Investors Weigh In On Oxbridge Re
An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. 5.64% of the stock is owned by institutional investors and hedge funds.
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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