Allan S. Martin Sells 3,738 Shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) Stock

Oxbridge Re Holdings Limited (NASDAQ:OXBR) major shareholder Allan S. Martin sold 3,738 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $3.08, for a total transaction of $11,513.04. Following the sale, the insider now owns 288,682 shares of the company’s stock, valued at $889,140.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Oxbridge Re Stock Down 7.8 %

OXBR traded down $0.24 during midday trading on Tuesday, reaching $2.83. The company had a trading volume of 46,679 shares, compared to its average volume of 24,630. Oxbridge Re Holdings Limited has a 1 year low of $0.87 and a 1 year high of $3.72. The company has a market cap of $17.01 million, a P/E ratio of -1.52 and a beta of 0.99. The business has a 50-day moving average of $2.47 and a two-hundred day moving average of $1.58.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Oxbridge Re in a research report on Wednesday, July 24th. They set a “hold” rating for the company.

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.