Allan S. Martin Sells 7,574 Shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) Stock

Oxbridge Re Holdings Limited (NASDAQ:OXBR) major shareholder Allan S. Martin sold 7,574 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $3.00, for a total value of $22,722.00. Following the completion of the sale, the insider now owns 82,723 shares of the company’s stock, valued at $248,169. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Oxbridge Re Stock Up 5.9 %

Shares of NASDAQ:OXBR opened at $2.70 on Friday. The company has a market cap of $16.31 million, a PE ratio of -1.36 and a beta of 0.95. Oxbridge Re Holdings Limited has a fifty-two week low of $0.87 and a fifty-two week high of $3.72. The firm has a 50-day simple moving average of $2.42 and a 200 day simple moving average of $2.17.

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

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 position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.77% of Oxbridge Re worth $130,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.64% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Oxbridge Re in a report on Sunday. 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.