James River Group Holdings, Ltd. (NASDAQ:JRVR) Short Interest Update

James River Group Holdings, Ltd. (NASDAQ:JRVR) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,920,000 shares, a growth of 39.1% from the February 28th total of 1,380,000 shares. Based on an average daily volume of 347,900 shares, the short-interest ratio is currently 5.5 days. Currently, 5.7% of the company’s shares are sold short.

Analyst Ratings Changes

JRVR has been the subject of several research analyst reports. Citigroup reissued a “hold” rating on shares of James River Group in a report on Tuesday, March 11th. Compass Point lowered their price target on James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a report on Monday, March 10th. JMP Securities cut their price objective on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research report on Friday, December 20th. Truist Financial reduced their price objective on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods cut their target price on James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, James River Group presently has an average rating of “Hold” and an average target price of $6.06.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Aquatic Capital Management LLC bought a new position in James River Group during the fourth quarter worth about $41,000. ProShare Advisors LLC bought a new position in shares of James River Group during the 4th quarter worth approximately $51,000. Quantbot Technologies LP increased its holdings in shares of James River Group by 24.8% during the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 2,498 shares during the last quarter. Intech Investment Management LLC bought a new stake in James River Group in the 4th quarter valued at $68,000. Finally, SG Americas Securities LLC lifted its holdings in James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Stock Down 1.2 %

Shares of NASDAQ JRVR traded down $0.05 during mid-day trading on Monday, hitting $4.20. The company had a trading volume of 183,747 shares, compared to its average volume of 367,838. James River Group has a one year low of $3.00 and a one year high of $9.56. The company has a market capitalization of $191.70 million, a PE ratio of -1.04 and a beta of 0.04. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $4.50 and a two-hundred day simple moving average of $5.15.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company had revenue of $126.71 million for the quarter, compared to analyst estimates of $159.91 million. During the same period last year, the firm earned $0.33 EPS. On average, equities analysts expect that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, March 10th. James River Group’s dividend payout ratio (DPR) is presently -1.38%.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.