Oxbridge Re (NASDAQ:OXBR) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a note issued to investors on Tuesday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

Shares of Oxbridge Re stock opened at $2.23 on Tuesday. The stock has a market capitalization of $13.47 million, a price-to-earnings ratio of -1.20 and a beta of 0.94. The company has a fifty day moving average of $2.51 and a 200-day moving average of $1.86. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $3.72.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly 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 for the quarter.

Insiders Place Their Bets

In other news, major shareholder Allan S. Martin sold 11,433 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $903,577.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,433 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were 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 in the company, valued at $903,577.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Allan S. Martin sold 11,690 shares of the company’s stock in a transaction dated 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. The disclosure for this sale can be found here. Insiders have sold 29,154 shares of company stock valued at $89,725 in the last ninety days. Company insiders own 17.67% of the company’s stock.

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 holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.