Oxbridge Re Holdings Limited (NASDAQ:OXBR) Major Shareholder Sells $22,722.00 in Stock

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

Oxbridge Re Stock Up 5.9 %

Shares of OXBR opened at $2.70 on Friday. Oxbridge Re Holdings Limited has a 52-week low of $0.87 and a 52-week high of $3.72. The firm has a market cap of $16.31 million, a price-to-earnings ratio of -1.36 and a beta of 0.95. The business’s 50 day moving average is $2.42 and its two-hundred day moving average is $2.16.

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

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. raised its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the quarter. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Oxbridge Re in a research note on Saturday, October 12th. They issued a “hold” rating on the 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.