Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

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

Oxbridge Re Trading Down 3.1 %

Oxbridge Re stock opened at $2.83 on Monday. The firm has a market cap of $17.08 million, a price-to-earnings ratio of -1.52 and a beta of 0.95. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The stock has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $2.27.

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

Insider Activity

In related 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 value 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 21,557 shares of company stock valued at $65,606 in the last ninety days. 17.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. grew its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 212.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,800 shares of the insurance provider’s stock after buying an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.77% of Oxbridge Re worth $130,000 at the end of the most recent reporting period. 5.64% of the stock is owned by institutional investors and hedge funds.

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.