Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a research report report published on Friday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ OXBR opened at $2.77 on Friday. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $3.72. The business’s fifty day moving average is $2.46 and its 200 day moving average is $2.07.

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

Insider Transactions at Oxbridge Re

In related news, major shareholder Allan S. Martin sold 11,433 shares of the 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 completion of the sale, the insider now directly owns 292,420 shares in the company, valued at $903,577.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re stock in a transaction that occurred 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 transaction, the insider now directly owns 269,631 shares of the company’s stock, valued at $830,463.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Allan S. Martin sold 11,433 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $3.09, for a total transaction of $35,327.97. Following the sale, the insider now directly owns 292,420 shares of the company’s stock, valued at $903,577.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,154 shares of company stock worth $89,725. Company insiders own 17.67% of the company’s stock.

Institutional Investors 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 – Free Report) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after acquiring 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 SEC filing. 5.64% of the stock is currently owned by institutional investors.

Oxbridge Re Company Profile

(Get Free Report)

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.

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