StockNews.com Initiates Coverage on Oxbridge Re (NASDAQ:OXBR)

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

Oxbridge Re stock traded down $0.12 during midday trading on Friday, hitting $2.59. The company’s stock had a trading volume of 14,799 shares, compared to its average volume of 46,192. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $3.72. The stock’s 50-day moving average price is $2.57 and its 200-day moving average price is $1.68.

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

Insider Activity

In other news, major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total value of $36,005.20. Following the transaction, the insider now owns 269,631 shares of the company’s stock, valued at $830,463.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Oxbridge Re news, major shareholder Allan S. Martin sold 11,690 shares of the company’s stock in a transaction dated 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 directly owns 269,631 shares in the company, valued at $830,463.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,154 shares of company stock valued at $89,725. 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. grew its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the period. 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 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.