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. Approximately 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 347,900 shares, the short-interest ratio is presently 5.5 days.

Wall Street Analysts Forecast Growth

JRVR has been the subject of a number of recent research reports. Truist Financial dropped their price objective on shares of James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. JMP Securities dropped their price target on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Keefe, Bruyette & Woods cut their target price on 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. Finally, Citigroup reiterated a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, James River Group has an average rating of “Hold” and a consensus price target of $6.06.

Hedge Funds Weigh In On James River Group

A number of institutional investors have recently modified their holdings of JRVR. Gallatin Point Capital LLC acquired a new position in shares of James River Group during the fourth quarter valued at $28,535,000. T. Rowe Price Investment Management Inc. lifted its position in James River Group by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider’s stock valued at $18,214,000 after purchasing an additional 83,839 shares during the period. RBF Capital LLC boosted its stake in shares of James River Group by 3.7% in the 4th quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider’s stock valued at $5,421,000 after purchasing an additional 39,321 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of James River Group by 9.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock worth $5,412,000 after buying an additional 93,348 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of James River Group by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider’s stock worth $4,190,000 after buying an additional 59,763 shares during the last quarter. 95.21% of the stock is owned by institutional investors.

James River Group Price Performance

Shares of NASDAQ:JRVR traded down $0.05 during trading on Monday, reaching $4.20. The stock had a trading volume of 183,747 shares, compared to its average volume of 367,838. The stock has a market capitalization of $191.70 million, a PE ratio of -1.04 and a beta of 0.04. James River Group has a 52 week low of $3.00 and a 52 week high of $9.56. The business’s 50-day moving average price is $4.50 and its 200 day moving average price is $5.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $126.71 million during the quarter, compared to analyst estimates of $159.91 million. During the same period in the prior year, the firm posted $0.33 EPS. As a group, equities analysts predict 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, March 31st. Shareholders of record on Monday, March 10th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, March 10th. James River Group’s payout ratio 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.