StockNews.com Initiates Coverage on Oxbridge Re (NASDAQ:OXBR)

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

Oxbridge Re Stock Performance

Shares of NASDAQ OXBR opened at $2.80 on Friday. The stock has a market cap of $16.91 million, a price-to-earnings ratio of -1.41 and a beta of 0.95. The business has a 50 day simple moving average of $2.42 and a 200 day simple moving average of $2.21. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings data 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 Transactions at Oxbridge Re

In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 292,420 shares in the company, valued at $903,577.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction dated 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 owns 292,420 shares in the company, valued at $903,577.80. This trade represents a 0.00 % decrease in their ownership of the stock. 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 11,690 shares of Oxbridge Re stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total transaction of $36,005.20. Following the transaction, the insider now directly owns 269,631 shares of the company’s stock, valued at $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 a total of 36,728 shares of company stock worth $112,447 over the last three months. 19.45% 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. increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing. Institutional investors and hedge funds own 5.64% of the company’s stock.

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.