StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a report released on Monday. The brokerage issued a hold rating on the insurance provider’s stock.
Oxbridge Re Stock Up 8.9 %
Shares of NASDAQ OXBR opened at $2.09 on Monday. Oxbridge Re has a 52-week low of $0.87 and a 52-week high of $3.72. The business’s 50 day moving average is $2.54 and its two-hundred day moving average is $1.81. The firm has a market cap of $12.62 million, a price-to-earnings ratio of -1.12 and a beta of 0.99.
Insider Activity at Oxbridge Re
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 transaction, the insider now directly owns 269,631 shares in the company, valued at $830,463.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Allan S. Martin sold 11,433 shares of Oxbridge Re stock in a transaction 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 sale, the insider now directly owns 292,420 shares of the company’s stock, valued at approximately $903,577.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Allan S. Martin sold 11,690 shares of the business’s 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 transaction, the insider now owns 269,631 shares of the company’s stock, valued at approximately $830,463.48. The disclosure for this sale can be found here. Insiders sold 29,154 shares of company stock worth $89,725 in the last three months. 17.67% of the stock is owned by company insiders.
Hedge Funds Weigh In On Oxbridge Re
Oxbridge Re Company Profile
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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