Oxbridge Re (NASDAQ:OXBR) Now Covered by StockNews.com

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

Oxbridge Re Stock Performance

Oxbridge Re stock opened at $2.56 on Wednesday. The stock has a 50-day simple moving average of $2.51 and a 200-day simple moving average of $1.94. The company has a market capitalization of $15.46 million, a P/E ratio of -1.38 and a beta of 0.94. Oxbridge Re has a fifty-two week low of $0.87 and a fifty-two week high of $3.72.

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

Insiders Place Their Bets

In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of the company’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 sale, the insider now directly owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total value of $36,005.20. Following the transaction, the insider now directly owns 269,631 shares in the company, valued at approximately $830,463.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Allan S. Martin sold 11,433 shares of the business’s stock in a transaction on 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 in the company, valued at $903,577.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,154 shares of company stock valued at $89,725. Insiders own 17.67% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 about 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the SEC. 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.