James River Group Holdings Ltd (JRVR): Are Hedge Funds Right About This Stock?

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We will take a look at Kforce Inc. (NASDAQ:KFRC), Square 1 Financial Inc (NASDAQ:SQBK), Coherus Biosciences Inc (NASDAQ:CHRS), and Rexford Industrial Realty Inc (NYSE:REXR). This group of stocks’ market valuations are closest to JRVR’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
KFRC 20 71062 2
SQBK 12 150023 -4
CHRS 17 98593 -2
REXR 7 67854 -3

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $97 million. That figure was $449 million in JRVR’s case. Kforce Inc. (NASDAQ:KFRC) is the most popular stock in this table. On the other hand Rexford Industrial Realty Inc (NYSE:REXR) is the least popular one with only 7 bullish hedge fund positions. James River Group Holdings Ltd (NASDAQ:JRVR) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal but given the large hedge fund position increases, JRVR is worth a closer look.

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