James River Group Holdings Ltd
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Financials : Insurance | Small Cap Value
Based in Bermuda
Company profile

James River Group Holdings, Ltd. owns and operates a group of specialty insurance and reinsurance companies. It operates in four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance and Corporate and Other. Excess and Surplus Lines segment offers commercial excess and surplus lines liability and property insurance. Specialty Admitted Insurance segment approaches the insurance market in two ways: as a risk bearing underwriter, and as a fronting company. Its risk bearing underwriting is focused on niche classes within the insurance markets, such as workers’ compensation coverage for residential contractors, light manufacturing operations, transportation workers and healthcare worker. Casualty Reinsurance segment primarily provides proportional and working layer casualty reinsurance to third parties (primarily through reinsurance intermediaries). Corporate and Other segment consists of the management and treasury activities of its holding companies.

Price
Delayed
$25.50
Day's Change
-0.55 (-2.11%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.02
Day's Low
25.48
Volume
(Light)

Today's volume of 59,758 shares is on pace to be much lighter than JRVR's 10-day average volume of 168,410 shares.

59,758

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Digital Turbine, Inc. - APPS

2:31 pm ET June 29, 2022 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / June 29, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Digital Turbine, Inc.("Digital Turbine" or the "Company") (NASDAQ:APPS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Digital Turbine and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On May 17, 2022, Digital Turbine issued a press release "announc[ing] . . . that it will restate its financial statements for the interim periods ended June 30, 2021, September 30, 2021, and December 31, 2021, following a review of the presentation of revenue net of license fees and revenue share for the Company's recently acquired businesses." Digital Turbine specified that "[t]he revenue for certain product lines of the recently acquired businesses, which are separate reportable segments, will now be reported net of license fees and revenue share, rather than on a gross basis, as had been previously reported. The changes have the offsetting effect of decreasing both revenue and license fees and revenue share in a like amount, while simultaneously increasing reported gross profit margin and Non-GAAP Adjusted EBITDA margin, in the interim financial statements for each relevant period. There is no change to the previously reported GAAP income from operations, GAAP net income/loss, Non-GAAP gross profit, Non-GAAP Adjusted EBITDA and Non-GAAP free cash flow results. Restated interim consolidated financial statements for each of the affected quarters will be filed as amendments to the respective Company's Form 10-Q filings with the Securities and Exchange Commission on or before May 31, 2022."

On this news, Digital Turbine's stock price fell $1.93 per share, or 7.09%, to close at $25.28 per share on May 18, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

SOURCE: Pomerantz LLP





View source version on accesswire.com:

https://www.accesswire.com/707052/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Digital-Turbine-Inc--APPS



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COMTEX_409434090/2457/2022-06-29T14:31:10

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