James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 72.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,928 shares of the insurance provider’s stock after selling 33,592 shares during the quarter. GSA Capital Partners LLP’s holdings in James River Group were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in James River Group during the 3rd quarter valued at $69,000. Sei Investments Co. acquired a new stake in shares of James River Group in the 2nd quarter valued at about $83,000. Levin Capital Strategies L.P. bought a new position in shares of James River Group during the first quarter worth about $93,000. Simplicity Wealth LLC acquired a new position in James River Group in the second quarter worth about $93,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in James River Group in the third quarter valued at about $157,000. Institutional investors own 95.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JRVR. Compass Point reduced their target price on James River Group from $12.50 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Truist Financial reduced their price objective on James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, JMP Securities lowered their target price on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, James River Group currently has an average rating of “Moderate Buy” and an average price target of $11.00.

James River Group Stock Up 0.2 %

Shares of James River Group stock opened at $4.46 on Tuesday. James River Group Holdings, Ltd. has a twelve month low of $4.37 and a twelve month high of $11.49. The stock has a market capitalization of $168.72 million, a price-to-earnings ratio of -1.10 and a beta of 0.17. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $6.14 and its 200-day simple moving average is $7.08.

James River Group (NASDAQ:JRVR) last posted its earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). The company had revenue of $191.50 million during the quarter, compared to the consensus estimate of $137.28 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. Equities research analysts forecast 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 will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, December 16th. James River Group’s dividend payout ratio (DPR) is -4.94%.

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.