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

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

Oxbridge Re Price Performance

NASDAQ OXBR opened at $2.56 on Wednesday. Oxbridge Re has a 52 week low of $0.87 and a 52 week high of $3.72. The stock has a fifty day moving average of $2.51 and a 200-day moving average of $1.94.

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

Insider Buying and Selling at Oxbridge Re

In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 in the company, valued at approximately $830,463.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Allan S. Martin sold 11,433 shares of the business’s 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 completion of the transaction, the insider now owns 292,420 shares in the company, valued at $903,577.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Allan S. Martin sold 11,690 shares of the 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 in the company, valued at $830,463.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,154 shares of company stock valued at $89,725. 17.67% of the stock is currently owned by insiders.

Institutional Trading of Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 0.25% of Oxbridge Re worth $36,000 at the end of the most recent reporting period. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

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.