Y Intercept Hong Kong Ltd Has $295,000 Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Y Intercept Hong Kong Ltd reduced its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 45.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,083 shares of the insurance provider’s stock after selling 39,982 shares during the period. Y Intercept Hong Kong Ltd owned 0.12% of James River Group worth $295,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JRVR. American Century Companies Inc. boosted its stake in James River Group by 232.2% during the second quarter. American Century Companies Inc. now owns 171,529 shares of the insurance provider’s stock worth $1,326,000 after acquiring an additional 119,901 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of James River Group during the third quarter valued at about $157,000. AQR Capital Management LLC boosted its holdings in James River Group by 2,512.5% in the second quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock worth $10,644,000 after acquiring an additional 1,324,309 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in James River Group in the 2nd quarter valued at $655,000. Finally, Sei Investments Co. bought a new stake in James River Group during the 2nd quarter valued at $83,000. 95.21% of the stock is owned by institutional investors.

James River Group Stock Performance

JRVR opened at $4.58 on Wednesday. The company has a market cap of $173.26 million, a price-to-earnings ratio of -1.13 and a beta of 0.09. The company’s fifty day moving average price is $5.57 and its two-hundred day moving average price is $6.73. James River Group Holdings, Ltd. has a 1-year low of $4.35 and a 1-year high of $11.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR) last announced its quarterly 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). The business 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%. James River Group’s revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. On average, analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Cuts Dividend

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

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.