StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a research report report published on Saturday morning. The brokerage issued a hold rating on the insurance provider’s stock.
Oxbridge Re Stock Performance
NASDAQ:OXBR opened at $2.14 on Friday. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72. The firm’s 50-day simple moving average is $2.60 and its 200 day simple moving average is $1.76. The firm has a market cap of $12.93 million, a price-to-earnings ratio of -1.15 and a beta of 0.99.
Insider Activity at Oxbridge Re
In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $3.08, for a total transaction of $36,005.20. Following the transaction, the insider now owns 269,631 shares in the company, valued at approximately $830,463.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Allan S. Martin sold 11,433 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $3.09, for a total transaction of $35,327.97. Following the completion of the sale, the insider now owns 292,420 shares of the company’s stock, valued at approximately $903,577.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total transaction of $36,005.20. Following the completion of the transaction, the insider now directly owns 269,631 shares in the company, valued at $830,463.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,154 shares of company stock worth $89,725. Company insiders own 17.67% of the company’s stock.
Institutional Investors Weigh In On Oxbridge Re
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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