James River Group Holdings, Ltd. (NASDAQ:JRVR) Short Interest Up 39.1% in March

James River Group Holdings, Ltd. (NASDAQ:JRVR) was the recipient of a large growth in short interest in the month of 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 company’s shares are short sold. Based on an average trading volume of 347,900 shares, the short-interest ratio is currently 5.5 days.

Hedge Funds Weigh In On James River Group

A number of hedge funds have recently made changes to their positions in JRVR. Zimmer Partners LP acquired a new stake in James River Group in the 4th quarter valued at $1,343,000. ProShare Advisors LLC purchased a new stake in shares of James River Group in the fourth quarter worth about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of James River Group by 22.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider’s stock valued at $102,000 after buying an additional 3,839 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings 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 valued at $5,412,000 after buying an additional 93,348 shares during the period. Finally, Cantor Fitzgerald L. P. acquired a new position in James River Group during the 4th quarter worth approximately $429,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Wall Street Analysts Forecast Growth

JRVR has been the topic of a number of recent analyst reports. Compass Point reduced their price target on James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a research note on Monday, March 10th. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. JMP Securities lowered their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a report on Friday, December 20th. Keefe, Bruyette & Woods dropped their price objective on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. Finally, Truist Financial decreased 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 report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, James River Group presently has an average rating of “Hold” and a consensus price target of $6.06.

James River Group Trading Down 1.0 %

JRVR stock traded down $0.04 during trading on Tuesday, reaching $4.16. 167,043 shares of the stock traded hands, compared to its average volume of 366,819. The firm has a market capitalization of $189.88 million, a PE ratio of -1.03 and a beta of 0.04. 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 business’s 50 day moving average price is $4.49 and its 200-day moving average price is $5.13. James River Group has a 52-week low of $3.00 and a 52-week high of $9.56.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (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 firm had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, sell-side analysts forecast that James River Group will post -0.35 earnings per share for the current year.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Monday, March 10th. James River Group’s payout ratio is currently -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.