James River Group (NASDAQ:JRVR) Shares Pass Below 50 Day Moving Average - Should You Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.74 and traded as low as $4.72. James River Group shares last traded at $4.73, with a volume of 154,998 shares.

Analyst Ratings Changes

Separately, JMP Securities dropped 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 note on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, James River Group has an average rating of "Moderate Buy" and an average price target of $10.40.

James River Group Price Performance

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 firm's 50 day moving average is $4.75 and its 200 day moving average is $5.83. The firm has a market cap of $180.44 million, a P/E ratio of -1.18 and a beta of 0.07.

James River Group (NASDAQ:JRVR - Get Free Report) last issued its earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.89). The firm had revenue of $191.50 million during the quarter, compared to the consensus estimate of $137.28 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, analysts anticipate that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.

James River Group Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JRVR. SG Americas Securities LLC bought a new position in shares of James River Group in the third quarter worth approximately $69,000. CWM LLC lifted its position in James River Group by 40.7% during the third quarter. CWM LLC now owns 38,890 shares of the insurance provider's stock valued at $244,000 after purchasing an additional 11,254 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in James River Group during the third quarter valued at approximately $157,000. Los Angeles Capital Management LLC lifted its position in James River Group by 36.0% during the third quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider's stock valued at $263,000 after purchasing an additional 11,106 shares during the period. Finally, Empowered Funds LLC lifted its position in James River Group by 5.3% during the third quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider's stock valued at $706,000 after purchasing an additional 5,628 shares during the period. Institutional investors own 95.21% of the company's stock.

About James River Group

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.