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

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

Oxbridge Re Trading Down 0.4 %

Oxbridge Re stock opened at $2.79 on Thursday. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72. The business’s 50-day simple moving average is $2.51 and its 200-day simple moving average is $2.00.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings data 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 during the quarter.

Insider Activity at Oxbridge Re

In related news, major shareholder Allan S. Martin sold 11,690 shares of the business’s 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 in the company, valued at $830,463.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Allan S. Martin sold 11,433 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $903,577.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $36,005.20. Following the completion of the transaction, 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 valued at $89,725 over the last three months. 17.67% of the stock is owned by insiders.

Institutional Investors 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% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities & Exchange Commission. 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.