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

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,520,000 shares, a decrease of 16.9% from the March 31st total of 1,830,000 shares. Based on an average daily volume of 309,900 shares, the short-interest ratio is currently 4.9 days. Approximately 4.5% of the shares of the stock are short sold.

James River Group Trading Down 1.4 %

Shares of NASDAQ:JRVR traded down $0.07 during midday trading on Wednesday, hitting $4.75. 61,493 shares of the stock traded hands, compared to its average volume of 342,537. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $216.85 million, a PE ratio of -1.18 and a beta of 0.02. James River Group has a one year low of $3.00 and a one year high of $9.13. The business's 50 day moving average is $4.23 and its two-hundred day moving average is $4.75.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $172.29 million during the quarter, compared to analysts' expectations of $184.15 million. As a group, research analysts forecast that James River Group will post -0.35 earnings per share for the current year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.04 annualized dividend and a yield of 0.84%. James River Group's dividend payout ratio (DPR) is presently -1.29%.

Hedge Funds Weigh In On James River Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aquatic Capital Management LLC purchased a new position in shares of James River Group in the 4th quarter valued at approximately $41,000. ProShare Advisors LLC purchased a new position in James River Group during the 4th quarter valued at about $51,000. Simplicity Wealth LLC bought a new stake in James River Group during the first quarter worth about $51,000. Sowell Financial Services LLC bought a new position in shares of James River Group during the first quarter valued at approximately $55,000. Finally, Quantbot Technologies LP lifted its holdings in shares of James River Group by 24.8% during the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 2,498 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Compass Point decreased their price target on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a research report on Monday, March 10th. Keefe, Bruyette & Woods reduced their price target on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. StockNews.com lowered James River Group from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Truist Financial lowered their target price on shares of James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Finally, Citigroup reiterated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, James River Group presently has an average rating of "Hold" and an average price target of $6.06.

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.