James River Group Holdings, Ltd. (NASDAQ:JRVR) Short Interest Down 5.5% in January

James River Group Holdings, Ltd. (NASDAQ:JRVR) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,370,000 shares, a decrease 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 days-to-cover ratio is presently 3.8 days. Currently, 4.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its holdings in shares of James River Group by 39.5% during the 3rd quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider’s stock worth $570,000 after purchasing an additional 25,738 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in James River Group in the third quarter valued at about $157,000. Barclays PLC increased its stake in James River Group by 288.2% in the third quarter. Barclays PLC now owns 43,940 shares of the insurance provider’s stock valued at $275,000 after acquiring an additional 32,621 shares during the period. SG Americas Securities LLC increased its stake in James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 4,586 shares during the period. Finally, Empowered Funds LLC increased its stake in James River Group by 5.3% in the third quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock valued at $706,000 after acquiring an additional 5,628 shares during the period. Institutional investors own 95.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut their target price 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, James River Group has an average rating of “Moderate Buy” and a consensus target price of $10.40.

James River Group Price Performance

James River Group stock opened at $4.85 on Thursday. The firm has a market cap of $183.47 million, a price-to-earnings ratio of -1.20 and a beta of 0.07. 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 has a fifty-two week low of $4.35 and a fifty-two week high of $11.49. The firm has a fifty day moving average price of $4.76 and a two-hundred day moving average price of $5.74.

James River Group Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, December 16th. This represents a $0.04 annualized dividend and a dividend yield of 0.82%. James River Group’s payout ratio is -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.