James River Group Holdings, Ltd. (NASDAQ:JRVR) Sees Large Decline in Short Interest

James River Group Holdings, Ltd. (NASDAQ:JRVR) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,370,000 shares, a decline of 5.5% from the January 15th total of 1,450,000 shares. Based on an average daily trading volume, of 358,100 shares, the short-interest ratio is presently 3.8 days. Approximately 4.5% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, JMP Securities lowered their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, James River Group currently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new position in James River Group in the fourth quarter valued at approximately $41,000. ProShare Advisors LLC acquired a new position in James River Group in the fourth quarter valued at approximately $51,000. Quantbot Technologies LP lifted its holdings in James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 2,498 shares during the last quarter. Intech Investment Management LLC acquired a new position in James River Group in the fourth quarter valued at approximately $68,000. Finally, SG Americas Securities LLC acquired a new position in James River Group in the third quarter valued at approximately $69,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Trading Up 0.8 %

Shares of James River Group stock opened at $4.77 on Tuesday. The stock has a market cap of $180.45 million, a P/E ratio of -1.18 and a beta of 0.07. The stock’s 50 day simple moving average is $4.75 and its 200-day simple moving average is $5.76. James River Group has a 1-year low of $4.35 and a 1-year high of $11.49. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, December 16th. James River Group’s dividend payout ratio is currently -0.99%.

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.