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

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

Oxbridge Re Stock Performance

Shares of OXBR opened at $2.81 on Friday. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $3.72. The firm has a market cap of $16.88 million, a price-to-earnings ratio of -1.51 and a beta of 0.95. The business’s fifty day moving average is $2.42 and its 200-day moving average is $2.19.

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

Insiders Place Their Bets

In related news, major shareholder Allan S. Martin sold 11,690 shares of the firm’s stock in a transaction 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 $830,463.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 stock was sold at an average price of $3.08, for a total value of $36,005.20. Following the completion of the transaction, the insider now owns 269,631 shares of the company’s stock, valued at $830,463.48. This represents a 0.00 % decrease in their position. 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 Oxbridge Re 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 sale, the insider now directly owns 292,420 shares in the company, valued at $903,577.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,728 shares of company stock valued at $112,447. 17.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.77% of Oxbridge Re worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.64% of the stock is 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.