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

Equities researchers at StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Down 0.4 %

NASDAQ:OXBR opened at $2.79 on Thursday. The business’s 50-day simple moving average is $2.51 and its two-hundred day simple moving average is $1.99. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72. The stock has a market cap of $16.76 million, a PE ratio of -1.50 and a beta of 0.94.

Oxbridge Re (NASDAQ:OXBR) last released its quarterly earnings data 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 for the quarter.

Insider Buying and Selling at Oxbridge Re

In other news, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re 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 sale, the insider now directly owns 269,631 shares of the company’s stock, valued at $830,463.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Allan S. Martin sold 11,690 shares of the company’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 owns 269,631 shares of the company’s stock, valued at $830,463.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Allan S. Martin sold 11,433 shares of Oxbridge Re 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 of the company’s stock, valued at $903,577.80. The disclosure for this sale can be found here. Insiders sold 29,154 shares of company stock valued at $89,725 in the last 90 days. 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. grew its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the insurance provider’s stock after purchasing an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.