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

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

Oxbridge Re Trading Down 0.4 %

OXBR stock opened at $2.79 on Thursday. The business’s fifty day moving average price is $2.51 and its 200 day moving average price is $2.00. Oxbridge Re has a 12-month low of $0.87 and a 12-month high of $3.72.

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

Insider Buying and Selling at Oxbridge Re

In other 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 directly owns 269,631 shares in the company, valued at $830,463.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total transaction of $36,005.20. Following the sale, the insider now directly owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Allan S. Martin sold 11,433 shares of the company’s stock in a transaction on Friday, July 26th. The stock was 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. Insiders sold a total of 29,154 shares of company stock worth $89,725 over the last ninety days. 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. increased 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 disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.