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

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

Oxbridge Re Trading Up 5.9 %

NASDAQ:OXBR opened at $2.70 on Friday. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The stock has a market capitalization of $16.31 million, a P/E ratio of -1.36 and a beta of 0.95. The firm has a 50 day moving average of $2.42 and a 200-day moving average of $2.17.

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

Insiders Place Their Bets

In other Oxbridge Re 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 transaction of $36,005.20. Following the sale, the insider now owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Allan S. Martin sold 11,690 shares of the stock in a transaction on Wednesday, August 7th. The shares were 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 $830,463.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Allan S. Martin sold 11,433 shares of the company’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 completion of the sale, the insider now owns 292,420 shares in the company, valued at $903,577.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,728 shares of company stock worth $112,447 in the last quarter. Corporate insiders own 19.45% 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. boosted its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. 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.