Y Intercept Hong Kong Ltd Sells 39,982 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

Y Intercept Hong Kong Ltd reduced its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 45.9% during the third quarter, HoldingsChannel reports. The fund owned 47,083 shares of the insurance provider’s stock after selling 39,982 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in James River Group were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in shares of James River Group by 5.3% in 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 period. Sei Investments Co. bought a new stake in shares of James River Group during the second quarter valued at about $83,000. SG Americas Securities LLC purchased a new stake in shares of James River Group in the third quarter worth about $69,000. Los Angeles Capital Management LLC boosted its position in shares of James River Group by 36.0% in the third quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 11,106 shares during the period. Finally, CWM LLC grew 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 valued at $244,000 after acquiring an additional 11,254 shares in the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

James River Group Trading Down 0.9 %

James River Group stock opened at $4.58 on Wednesday. The stock has a market cap of $173.26 million, a P/E ratio of -1.13 and a beta of 0.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s fifty day moving average price is $5.57 and its 200-day moving average price is $6.73. James River Group Holdings, Ltd. has a fifty-two week low of $4.35 and a fifty-two week high of $11.49.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Monday, November 11th. The insurance provider reported ($0.74) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.89). The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. Equities research analysts forecast that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Monday, December 16th. James River Group’s dividend payout ratio (DPR) is currently -0.99%.

James River Group 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.