Short Interest in James River Group Holdings, Ltd. (NASDAQ:JRVR) Decreases By 16.9%

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) was the target of a significant 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. Currently, 4.5% of the company's stock are sold short. Based on an average daily volume of 309,900 shares, the short-interest ratio is currently 4.9 days.

Analysts Set New Price Targets

Several research firms have recently issued reports on JRVR. Keefe, Bruyette & Woods cut their price objective on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. StockNews.com cut James River Group from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Compass Point lowered their price target on shares of James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a report on Monday, March 10th. Truist Financial dropped their price objective on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a report 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 issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.06.

James River Group Price Performance

NASDAQ JRVR traded up $0.12 during mid-day trading on Monday, hitting $4.91. The stock had a trading volume of 334,463 shares, compared to its average volume of 343,517. The firm's 50 day moving average is $4.23 and its 200 day moving average is $4.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $224.11 million, a price-to-earnings ratio of -1.21 and a beta of 0.02. James River Group has a twelve month low of $3.00 and a twelve month high of $9.13.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts forecast that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Monday, March 10th. James River Group's dividend payout ratio is currently -1.38%.

Institutional Investors Weigh In On James River Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new stake in shares of James River Group in the 4th quarter worth $41,000. ProShare Advisors LLC purchased a new stake in shares of James River Group in the fourth quarter valued at about $51,000. Simplicity Wealth LLC acquired a new stake in James River Group during the first quarter worth about $51,000. Sowell Financial Services LLC purchased a new position in James River Group during the first quarter worth about $55,000. Finally, Quantbot Technologies LP boosted its holdings in James River Group by 24.8% in the 4th 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. Institutional investors and hedge funds own 95.21% of the company's stock.

About James River Group

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.