StockNews.com Begins Coverage on Oxbridge Re (NASDAQ:OXBR)

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

Oxbridge Re Stock Performance

Oxbridge Re stock opened at $2.39 on Tuesday. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The company’s 50 day simple moving average is $2.51 and its 200-day simple moving average is $1.88. The company has a market capitalization of $14.44 million, a price-to-earnings ratio of -1.28 and a beta of 0.94.

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

Insiders Place Their Bets

In other news, 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 sale, the insider now directly owns 269,631 shares in the company, valued at $830,463.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Allan S. Martin sold 11,433 shares of the 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. The transaction was disclosed in a filing 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 dated 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 a total of 29,154 shares of company stock worth $89,725 in the last ninety days. 17.67% of the stock is owned by corporate insiders.

Institutional Trading of Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of 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 institutional investor 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 about 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.64% of the company’s stock.

Oxbridge Re Company Profile

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.