TSX runs higher on rate cut expectations
Allan Martin, a ten percent owner of OXBRIDGE RE HOLDINGS Ltd (NASDAQ:OXBR), sold 5,000 shares of the company’s ordinary shares between July 9th and July 11th, 2025. The sales were executed at prices ranging from $2.06 to $2.2233, totaling approximately $8,598. According to InvestingPro data, the stock currently trades at $2.36, above the insider’s selling range, with a market capitalization of $17.2 million. The stock has shown significant volatility, with a beta of 1.59.
Specifically, on July 9th, Mr. Martin sold 500 shares at $2.06 and another 500 shares at $2.1145. On July 10th, he sold 1,000 shares at $2.065. The final transaction occurred on July 11th, with the sale of 2,000 shares at $2.2233. InvestingPro analysis indicates the stock has experienced a strong return over the last month, despite being down 44% over the past six months.
Following these transactions, Mr. Martin directly holds 239,131 shares jointly with his wife, Marie Martin. He also indirectly holds 68,770 shares through Fleur de Lis Partners, LLLP, and 104,223 shares through the Martin Family Foundation, Inc. The company maintains strong liquidity with a current ratio of 9.66, and InvestingPro analysts expect sales growth this year. Get access to 10+ additional ProTips and comprehensive financial analysis through InvestingPro’s detailed research reports.
In other recent news, Oxbridge Re Holdings Ltd has entered into a new Equity Distribution Agreement with Maxim Group LLC to offer and sell up to $5 million of its ordinary shares. This agreement allows the company to sell shares periodically through Maxim Group as its sales agent. According to the company’s filing with the Securities and Exchange Commission, the agreement will remain in effect until all $5 million in shares are sold or if either party terminates it with 30 days’ notice. Oxbridge Re Holdings will pay Maxim Group a commission of 3.0% on the gross proceeds from any shares sold under this agreement. The sales of these shares may occur as "at-the-market" offerings, including sales on the Nasdaq Capital Market or other venues. The company is not obligated to sell any shares and will direct the sales agent regarding timing, price, and amount. This new agreement replaces a previous one with Maxim Group, under which Oxbridge Re Holdings sold $4.6 million in ordinary shares. The company plans to use the net proceeds for general corporate purposes, including funding its reinsurance operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.