Cubist Systematic Strategies LLC Trims Stock Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Cubist Systematic Strategies LLC decreased its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 33.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,879 shares of the insurance provider's stock after selling 16,313 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.17% of AMERISAFE worth $1,643,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of AMERISAFE by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider's stock worth $69,000 after purchasing an additional 521 shares during the last quarter. R Squared Ltd bought a new stake in shares of AMERISAFE in the fourth quarter worth $99,000. KLP Kapitalforvaltning AS bought a new stake in shares of AMERISAFE in the fourth quarter worth $180,000. Aquatic Capital Management LLC grew its holdings in shares of AMERISAFE by 336.1% in the fourth quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider's stock worth $202,000 after acquiring an additional 3,025 shares during the period. Finally, Versor Investments LP bought a new stake in shares of AMERISAFE in the fourth quarter worth $205,000. Hedge funds and other institutional investors own 97.41% of the company's stock.

AMERISAFE Trading Up 0.9%

Shares of NASDAQ:AMSF traded up $0.43 during mid-day trading on Friday, reaching $47.95. The stock had a trading volume of 99,604 shares, compared to its average volume of 110,491. The company has a market cap of $913.45 million, a P/E ratio of 14.98 and a beta of 0.41. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24. The business's 50 day moving average price is $49.49 and its 200 day moving average price is $51.71.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.01. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The business had revenue of $83.78 million for the quarter, compared to the consensus estimate of $76.66 million. Analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 3.25%. AMERISAFE's payout ratio is 62.90%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of AMERISAFE in a report on Wednesday, April 30th.

AMERISAFE Company Profile

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.