James River Group Holdings, Ltd. (NASDAQ:JRVR) Short Interest Update

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) was the target of a significant 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. Currently, 4.5% of the company's stock are sold short. Based on an average daily volume of 358,100 shares, the days-to-cover ratio is presently 3.8 days.

Hedge Funds Weigh In On James River Group

A number of institutional investors have recently modified their holdings of the company. Zimmer Partners LP acquired a new stake in shares of James River Group in the fourth quarter worth $1,343,000. ProShare Advisors LLC acquired a new stake in shares of James River Group in the 4th quarter valued at $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of James River Group by 9.2% in the fourth 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 last quarter. Finally, Cantor Fitzgerald L. P. bought a new position in shares of James River Group in the fourth quarter valued at about $429,000. Institutional investors own 95.21% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities cut their price objective on shares of James River Group from $11.00 to $8.00 and set a "market outperform" rating on the stock in a research 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 company's stock. Based on data from MarketBeat, James River Group has an average rating of "Moderate Buy" and a consensus price target of $10.40.

James River Group Stock Performance

Shares of NASDAQ:JRVR traded down $0.16 during trading on Friday, reaching $4.79. The stock had a trading volume of 116,691 shares, compared to its average volume of 202,476. James River Group has a 52 week low of $4.35 and a 52 week high of $11.49. The firm has a market capitalization of $181.21 million, a price-to-earnings ratio of -1.18 and a beta of 0.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $4.77 and a two-hundred day simple moving average of $5.73.

James River Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis 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 -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.