Oxbridge Re (NASDAQ:OXBR) Major Shareholder Sells $10,603.60 in Stock

Oxbridge Re Holdings Limited (NASDAQ:OXBR) major shareholder Allan Martin sold 4,328 shares at an average price of $2.45, totaling $10,603.60. This sale, which occurred on September 16th, reduced his ownership by 1.96%, leaving him with 216,803 shares valued at $531,167.35. The transaction was disclosed to the SEC. Oxbridge Re's stock opened at $2.40, with a market cap of $18.34 million and a P/E ratio of -5.85. The company reported a loss of $0.25 EPS for the last quarter, missing estimates.

Oxbridge Re Holdings Limited (NASDAQ:OXBR - Get Free Report) major shareholder Allan Martin sold 4,328 shares of Oxbridge Re stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $2.45, for a total value of $10,603.60. Following the sale, the insider owned 216,803 shares in the company, valued at $531,167.35. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Oxbridge Re Stock Performance

OXBR opened at $2.40 on Friday. The business's 50-day simple moving average is $2.03 and its 200-day simple moving average is $1.94. Oxbridge Re Holdings Limited has a one year low of $1.27 and a one year high of $5.81. The stock has a market capitalization of $18.34 million, a P/E ratio of -5.85 and a beta of 1.78.

Oxbridge Re (NASDAQ:OXBR - Get Free Report) last released its earnings results on Thursday, August 14th. The insurance provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.28). Oxbridge Re had a negative return on equity of 59.48% and a negative net margin of 151.89%.The business had revenue of $0.66 million for the quarter, compared to analyst estimates of $1.11 million.

Institutional Trading of Oxbridge Re

An institutional investor recently bought a new position in Oxbridge Re stock. Armistice Capital LLC purchased a new stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 622,165 shares of the insurance provider's stock, valued at approximately $1,176,000. Armistice Capital LLC owned approximately 8.36% of Oxbridge Re at the end of the most recent reporting period. Institutional investors and hedge funds own 5.64% of the company's stock.

About Oxbridge Re

(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.