Oxbridge Re (NASDAQ:OXBR) Coverage Initiated at StockNews.com

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

Oxbridge Re Price Performance

NASDAQ:OXBR opened at $2.35 on Wednesday. The firm has a market cap of $14.19 million, a price-to-earnings ratio of -1.26 and a beta of 0.94. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $3.72. The firm’s fifty day moving average price is $2.52 and its 200 day moving average price is $1.92.

Oxbridge Re (NASDAQ:OXBR) last issued its earnings results 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.

Insiders Place Their Bets

In related news, major shareholder Allan S. Martin sold 11,433 shares of Oxbridge Re 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 sale, the insider now directly owns 292,420 shares in the company, valued at $903,577.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oxbridge Re news, 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 in the company, valued at $830,463.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Allan S. Martin sold 11,433 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $3.09, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,154 shares of company stock worth $89,725. 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. boosted its position in shares of 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 institutional investor 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 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.

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.