Oxbridge Re (NASDAQ:OXBR) Coverage Initiated by Analysts at StockNews.com

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

Oxbridge Re Stock Down 1.1 %

OXBR stock traded down $0.03 during mid-day trading on Thursday, hitting $2.78. The company had a trading volume of 5,407 shares, compared to its average volume of 24,280. The company has a 50-day moving average price of $2.50 and a 200 day moving average price of $1.61. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72.

Oxbridge Re (NASDAQ:OXBR) last announced its quarterly earnings results on Thursday, May 9th. The insurance provider reported ($0.15) EPS for the quarter. The company had revenue of ($0.13) million during the quarter.

Insiders Place Their Bets

In other news, major shareholder Allan S. Martin sold 11,433 shares of Oxbridge Re stock in a transaction that occurred on 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 owns 292,420 shares in the company, valued at approximately $903,577.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.67% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities & Exchange Commission. 5.64% of the stock is currently owned by institutional investors.

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.