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

Research analysts at StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Up 2.2 %

Shares of NASDAQ:OXBR opened at $2.35 on Wednesday. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $3.72. The firm’s 50 day moving average price is $2.52 and its 200 day moving average price is $1.92. The stock has a market cap of $14.19 million, a price-to-earnings ratio of -1.26 and a beta of 0.94.

Oxbridge Re (NASDAQ:OXBR) last announced 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 for the quarter.

Insider Transactions at Oxbridge Re

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 stock was 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 directly owns 292,420 shares of the company’s stock, valued at $903,577.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.09, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Allan S. Martin sold 11,690 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were 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 directly owns 269,631 shares of the company’s stock, valued at $830,463.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,154 shares of company stock valued at $89,725. Corporate insiders own 17.67% 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. raised its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the 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 about 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the SEC. 5.64% of the stock is currently owned by institutional investors and hedge funds.

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.