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

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

Oxbridge Re Price Performance

OXBR stock opened at $2.92 on Monday. The firm has a market cap of $17.63 million, a price-to-earnings ratio of -1.57 and a beta of 0.95. Oxbridge Re has a 1-year low of $0.87 and a 1-year high of $3.72. The firm has a fifty day moving average price of $2.47 and a two-hundred day moving average price of $2.26.

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

Insider Transactions at Oxbridge Re

In related news, 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 completion of the transaction, the insider now owns 269,631 shares in the company, valued at $830,463.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 21,557 shares of company stock worth $65,606. 17.67% of the stock is currently owned by company insiders.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 as of its most recent SEC filing. 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.