Oxbridge Re (NASDAQ:OXBR) Now Covered by Analysts at StockNews.com

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

Oxbridge Re Stock Performance

Shares of NASDAQ:OXBR opened at $2.79 on Thursday. The firm’s 50 day simple moving average is $2.52 and its 200-day simple moving average is $1.63. Oxbridge Re has a one year low of $0.87 and a one year high of $3.72. The firm has a market cap of $16.77 million, a PE ratio of -1.50 and a beta of 0.99.

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

Insider Buying and Selling

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 transaction, the insider now owns 292,420 shares of the company’s stock, valued at approximately $903,577.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.67% of the stock is owned by insiders.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the insurance provider’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 5.64% of the company’s stock.

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.