James River Group (NASDAQ:JRVR) Stock Crosses Above 50 Day Moving Average – Time to Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.79 and traded as high as $4.81. James River Group shares last traded at $4.78, with a volume of 142,863 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JMP Securities decreased their price target 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

James River Group Trading Down 0.6 %

The company has a market capitalization of $180.82 million, a P/E ratio of -1.18 and a beta of 0.07. 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 company’s fifty day simple moving average is $4.79 and its 200-day simple moving average is $5.65.

James River Group Cuts Dividend

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

Institutional Trading of James River Group

Several institutional investors and hedge funds have recently bought and sold shares of JRVR. Aquatic Capital Management LLC acquired a new position in James River Group during the fourth quarter worth $41,000. ProShare Advisors LLC purchased a new position in James River Group during the fourth quarter worth about $51,000. Quantbot Technologies LP lifted its position in shares of James River Group by 24.8% during the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 2,498 shares in the last quarter. Intech Investment Management LLC acquired a new stake in James River Group in the fourth quarter valued at approximately $68,000. Finally, SG Americas Securities LLC raised its holdings in James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 4,586 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.