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

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Sunday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Trading Up 5.9 %

Shares of NASDAQ:OXBR opened at $2.70 on Friday. The firm has a market cap of $16.31 million, a price-to-earnings ratio of -1.36 and a beta of 0.95. The stock’s 50-day moving average price is $2.42 and its two-hundred day moving average price is $2.18. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72.

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

Insider Activity

In related news, major shareholder Allan S. Martin sold 11,433 shares of Oxbridge Re stock in a transaction 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 transaction, the insider now owns 292,420 shares in the company, valued at approximately $903,577.80. This trade 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. In related news, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction that occurred on 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 approximately $903,577.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 that occurred on Wednesday, August 7th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,728 shares of company stock valued at $112,447 in the last ninety days. Company insiders own 19.45% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.