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

StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Saturday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Down 2.4 %

OXBR stock opened at $2.45 on Friday. The company has a market cap of $14.80 million, a P/E ratio of -1.23 and a beta of 0.95. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $3.72. The business has a fifty day moving average of $2.43 and a 200-day moving average of $2.10.

Oxbridge Re (NASDAQ:OXBR) last posted its earnings results 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 Buying and Selling at Oxbridge Re

In other news, major shareholder Allan S. Martin sold 11,690 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,433 shares of the 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 directly owns 292,420 shares in the company, valued at approximately $903,577.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 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 owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,154 shares of company stock worth $89,725 over the last 90 days. Company insiders own 19.45% 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. increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in 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 acquiring an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 as of its most recent SEC filing. 5.64% of the stock is owned by institutional investors.

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.