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

StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Friday. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Stock Down 3.1 %

Oxbridge Re stock opened at $2.77 on Friday. Oxbridge Re has a one year low of $0.87 and a one year high of $3.72. The business has a fifty day moving average price of $2.46 and a 200-day moving average price of $2.07.

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

Insiders Place Their Bets

In other news, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re stock in a transaction dated 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 sale, the insider now owns 269,631 shares in the company, valued at approximately $830,463.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Allan S. Martin sold 11,690 shares of the stock in a transaction 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 transaction, the insider now owns 269,631 shares of the company’s stock, valued at $830,463.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction 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 sale, the insider now owns 292,420 shares in the company, valued at approximately $903,577.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,154 shares of company stock worth $89,725 in the last ninety days. 17.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.