Oxbridge Re Holdings Limited (NASDAQ:OXBR) Major Shareholder Allan S. Martin Sells 11,690 Shares

Oxbridge Re Holdings Limited (NASDAQ:OXBR) major shareholder Allan S. Martin sold 11,690 shares of the company’s 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 approximately $830,463.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Oxbridge Re Trading Up 0.4 %

Shares of Oxbridge Re stock traded up $0.01 on Friday, reaching $2.72. 6,868 shares of the company were exchanged, compared to its average volume of 25,818. Oxbridge Re Holdings Limited has a one year low of $0.87 and a one year high of $3.72. The company has a market capitalization of $16.34 million, a price-to-earnings ratio of -1.46 and a beta of 0.99. The company has a 50-day moving average of $2.56 and a 200 day moving average of $1.67.

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

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,000 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned 0.25% of Oxbridge Re worth $36,000 as of its most recent filing with the Securities and Exchange Commission. 5.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Oxbridge Re in a research report on Friday. They set a “hold” rating for the company.

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.