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 report report published on Friday. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Trading Down 4.4 %

Shares of OXBR traded down $0.12 during mid-day trading on Friday, reaching $2.59. The company had a trading volume of 14,799 shares, compared to its average volume of 46,192. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $3.72. The company’s 50-day moving average is $2.57 and its 200-day moving average is $1.68.

Oxbridge Re (NASDAQ:OXBR) last released 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.

Insider Transactions at Oxbridge Re

In other 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 value of $36,005.20. Following the transaction, the insider now directly owns 269,631 shares in the company, valued at approximately $830,463.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was 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 of the company’s stock, valued at approximately $903,577.80. The sale 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 firm’s stock in a transaction 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 sale, the insider now directly owns 269,631 shares in the company, valued at approximately $830,463.48. The disclosure for this sale can be found here. Insiders have sold 29,154 shares of company stock worth $89,725 in the last three months. Insiders own 17.67% of the company’s stock.

Institutional Trading of Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to its most recent 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 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.