Allan S. Martin Sells 3,738 Shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) Stock

Oxbridge Re Holdings Limited (NASDAQ:OXBR) major shareholder Allan S. Martin sold 3,738 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $3.08, for a total value of $11,513.04. Following the sale, the insider now directly owns 288,682 shares of the company’s stock, valued at $889,140.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Oxbridge Re Stock Performance

OXBR stock traded down $0.24 during midday trading on Tuesday, reaching $2.83. 46,679 shares of the company’s stock traded hands, compared to its average volume of 24,630. The firm has a market capitalization of $17.01 million, a PE ratio of -1.52 and a beta of 0.99. The company has a 50-day moving average price of $2.47 and a two-hundred day moving average price of $1.58. Oxbridge Re Holdings Limited has a 52 week low of $0.87 and a 52 week high of $3.72.

Oxbridge Re (NASDAQ:OXBR) last released its quarterly earnings data on Thursday, May 9th. The insurance provider reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of ($0.13) million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Oxbridge Re in a research report on Wednesday, July 24th. They issued a “hold” rating for the company.

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.