GSA Capital Partners LLP Decreases Stock Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Key Points

• GSA Capital Partners LLP reduced its stake in AMERISAFE by 39.0%, now holding 16,456 shares valued at $865,000.
• AMERISAFE's stock is currently trading at $43.67, down 2.5%, with a 12-month range between $42.48 and $60.24.
• The company declared a quarterly dividend of $0.39, representing an annual yield of 3.6%, with the payout date set for September 26th.

GSA Capital Partners LLP cut its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 39.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,456 shares of the insurance provider's stock after selling 10,514 shares during the quarter. GSA Capital Partners LLP owned about 0.09% of AMERISAFE worth $865,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in AMERISAFE in the first quarter valued at $509,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of AMERISAFE by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,524 shares of the insurance provider's stock worth $818,000 after acquiring an additional 1,731 shares during the period. Deutsche Bank AG raised its position in shares of AMERISAFE by 52.0% in the fourth quarter. Deutsche Bank AG now owns 18,610 shares of the insurance provider's stock worth $959,000 after acquiring an additional 6,366 shares during the period. Nuveen Asset Management LLC raised its position in shares of AMERISAFE by 92.1% in the fourth quarter. Nuveen Asset Management LLC now owns 161,815 shares of the insurance provider's stock worth $8,340,000 after acquiring an additional 77,582 shares during the period. Finally, Franklin Resources Inc. acquired a new position in shares of AMERISAFE in the fourth quarter worth about $359,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

AMERISAFE Price Performance

Shares of NASDAQ:AMSF traded up $0.53 during mid-day trading on Tuesday, reaching $45.20. 47,534 shares of the company were exchanged, compared to its average volume of 106,146. The firm has a market cap of $858.35 million, a price-to-earnings ratio of 17.12 and a beta of 0.39. The firm's 50-day simple moving average is $44.80 and its 200 day simple moving average is $48.00. AMERISAFE, Inc. has a 1 year low of $42.48 and a 1 year high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. The business had revenue of $79.70 million during the quarter, compared to analysts' expectations of $77.30 million. On average, research analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. AMERISAFE's dividend payout ratio (DPR) is currently 59.09%.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMSF shares. Truist Financial decreased their price objective on shares of AMERISAFE from $54.00 to $50.00 and set a "hold" rating for the company in a research report on Monday, July 28th. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of AMERISAFE in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of AMERISAFE from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th.

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.