Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Trading Down 7.3 %

OXBR opened at $2.65 on Friday. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $3.72. The firm has a market cap of $16.01 million, a price-to-earnings ratio of -1.33 and a beta of 0.95. The company has a fifty day simple moving average of $2.42 and a 200 day simple moving average of $2.20.

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

Insiders Place Their Bets

In other news, major shareholder Allan S. Martin sold 11,690 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 269,631 shares in the company, valued at approximately $830,463.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Allan S. Martin sold 11,433 shares of Oxbridge Re stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.09, for a total value of $35,327.97. Following the completion of the transaction, the insider now directly owns 292,420 shares in the company, valued at approximately $903,577.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Allan S. Martin sold 11,690 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total value of $36,005.20. Following the sale, the insider now owns 269,631 shares in the company, valued at $830,463.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,728 shares of company stock worth $112,447 in the last three months. 19.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.64% of the company’s stock.

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.