James River Group (NASDAQ:JRVR) Shares Cross Below Fifty Day Moving Average – Should You Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 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 changing hands.

Analyst Upgrades and Downgrades

Separately, JMP Securities reduced their price objective on 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.40.

James River Group Price Performance

The company has a 50-day moving average of $4.74 and a two-hundred day moving average of $5.90. The stock has a market capitalization of $178.94 million, a PE ratio of -1.17 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 (NASDAQ:JRVR) last released its earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.89). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $137.28 million. During the same quarter last year, the company posted $0.48 earnings per share. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. Sell-side analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.01 per share. The ex-dividend date was Monday, December 16th. This represents a $0.04 annualized dividend and a yield of 0.85%. James River Group’s dividend payout ratio (DPR) is presently -0.99%.

Hedge Funds Weigh In On James River Group

Several large investors have recently added to or reduced their stakes in JRVR. SG Americas Securities LLC acquired a new stake in James River Group during the third quarter worth about $69,000. CWM LLC increased its stake in James River Group by 40.7% during the third quarter. CWM LLC now owns 38,890 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 11,254 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in James River Group during the third quarter worth about $157,000. Los Angeles Capital Management LLC increased its stake 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 worth $263,000 after acquiring an additional 11,106 shares during the last quarter. Finally, Empowered Funds LLC increased its stake 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 worth $706,000 after acquiring an additional 5,628 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

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.