Oxbridge Re Holdings Limited (NASDAQ:OXBR) Major Shareholder Allan S. Martin Sells 7,574 Shares

by · The Cerbat Gem

Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Free Report) major shareholder Allan S. Martin sold 7,574 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $3.00, for a total value of $22,722.00. Following the completion of the sale, the insider now owns 82,723 shares in the company, valued at approximately $248,169. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Oxbridge Re Trading Up 5.9 %

Oxbridge Re stock opened at $2.70 on Friday. Oxbridge Re Holdings Limited has a 52 week low of $0.87 and a 52 week high of $3.72. The stock has a market cap of $16.31 million, a price-to-earnings ratio of -1.36 and a beta of 0.95. The company’s 50-day moving average price is $2.42 and its two-hundred day moving average price is $2.17.

Oxbridge Re (NASDAQ:OXBR – Get Free Report) last posted 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 for the quarter.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) by 212.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,800 shares of the insurance provider’s stock after acquiring an additional 31,800 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned approximately 0.77% of Oxbridge Re worth $130,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Oxbridge Re in a report on Sunday. They set a “hold” rating on the stock.

Check Out Our Latest Analysis on Oxbridge Re

Oxbridge Re Company Profile

(Get Free Report)

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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