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

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

Oxbridge Re Trading Up 0.4 %

OXBR opened at $2.29 on Monday. The company’s 50 day moving average is $2.52 and its 200 day moving average is $1.83. The company has a market cap of $13.83 million, a price-to-earnings ratio of -1.23 and a beta of 0.94. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly 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 for the quarter.

Insider Buying and Selling at Oxbridge Re

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 transaction, the insider now directly owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Allan S. Martin sold 11,433 shares of the company’s stock in a transaction on Friday, July 26th. The shares were 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 of the company’s stock, valued at approximately $903,577.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Allan S. Martin sold 11,690 shares of the 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 completion of the sale, the insider now owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,154 shares of company stock valued at $89,725. Company insiders own 17.67% of the company’s stock.

Hedge Funds Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. Hedge funds and other 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.