Oxbridge Re (NASDAQ:OXBR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note released on Sunday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Shares of OXBR opened at $2.65 on Friday. The company has a market cap of $16.01 million, a P/E ratio of -1.33 and a beta of 0.95. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The stock has a fifty day moving average price of $2.42 and a 200 day moving average price of $2.20.

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

Insider Activity

In related 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 value of $36,005.20. Following the completion of the transaction, the insider now directly 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 SEC, which is available through the SEC website. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re 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 sale, the insider now owns 269,631 shares of the company’s stock, valued at $830,463.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Allan S. Martin sold 11,433 shares of the business’s stock in a transaction 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 transaction, the insider now owns 292,420 shares of the company’s stock, valued at $903,577.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,728 shares of company stock valued at $112,447. Insiders own 19.45% of the company’s stock.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. 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.