Interval Partners LP Takes Position in James River Group Holdings, Ltd. $JRVR

Key Points

• Interval Partners LP has invested $275,000 in James River Group Holdings, acquiring 65,427 shares, which represents approximately 0.14% of the company.
• James River Group's stock price is currently at $5.43, experiencing a 4.6% decline, with significant institutional ownership at 95.21%.
• The company recently announced a quarterly dividend of $0.01 per share, with an annualized dividend yield of 0.7%.

Interval Partners LP acquired a new position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 65,427 shares of the insurance provider's stock, valued at approximately $275,000. Interval Partners LP owned about 0.14% of James River Group at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new position in James River Group during the first quarter worth $25,000. Simplicity Wealth LLC bought a new position in James River Group during the first quarter worth $51,000. ProShare Advisors LLC bought a new position in James River Group during the fourth quarter worth $51,000. Sowell Financial Services LLC bought a new position in James River Group during the first quarter worth $55,000. Finally, Raymond James Financial Inc. bought a new position in James River Group during the fourth quarter worth $84,000. 95.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded James River Group from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.06.

James River Group Stock Performance

JRVR stock traded down $0.09 during mid-day trading on Friday, reaching $5.32. The company had a trading volume of 48,400 shares, compared to its average volume of 273,157. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $244.09 million, a P/E ratio of -1.68 and a beta of 0.03. James River Group Holdings, Ltd. has a one year low of $3.00 and a one year high of $7.19. The stock's 50-day simple moving average is $5.65 and its two-hundred day simple moving average is $5.12.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $152.61 million for the quarter, compared to analysts' expectations of $176.46 million. James River Group had a negative return on equity of 1.97% and a negative net margin of 13.50%. Research analysts anticipate that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, September 15th. James River Group's dividend payout ratio (DPR) is -1.27%.

James River Group 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.