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

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

Oxbridge Re Price Performance

Shares of Oxbridge Re stock opened at $2.34 on Tuesday. The business has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $1.89. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $3.72. The company has a market capitalization of $14.06 million, a price-to-earnings ratio of -1.26 and a beta of 0.94.

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

Insider Transactions at Oxbridge Re

In other news, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re stock in a transaction 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 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 Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Allan S. Martin sold 11,433 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $3.09, for a total value of $35,327.97. Following the transaction, the insider now owns 292,420 shares in the company, valued at $903,577.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Allan S. Martin sold 11,690 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $3.08, for a total value of $36,005.20. Following the completion of the transaction, the insider now owns 269,631 shares in the company, valued at approximately $830,463.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,154 shares of company stock valued at $89,725. 17.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

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.