GSA Capital Partners LLP lowered its holdings in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.
Other large investors also recently made changes to their positions in the company. Royce & Associates LP increased its holdings in shares of AMERISAFE by 29.6% in the first quarter. Royce & Associates LP now owns 395,756 shares of the insurance provider's stock valued at $20,797,000 after purchasing an additional 90,395 shares in the last quarter. Geode Capital Management LLC boosted its position in AMERISAFE by 18.4% in the 4th quarter. Geode Capital Management LLC now owns 536,836 shares of the insurance provider's stock valued at $27,675,000 after buying an additional 83,297 shares during the last quarter. GAMMA Investing LLC boosted its position in AMERISAFE by 6,160.6% in the 1st quarter. GAMMA Investing LLC now owns 84,080 shares of the insurance provider's stock valued at $4,418,000 after buying an additional 82,737 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of AMERISAFE by 92.1% in the 4th quarter. Nuveen Asset Management LLC now owns 161,815 shares of the insurance provider's stock valued at $8,340,000 after buying an additional 77,582 shares during the period. Finally, Norges Bank bought a new stake in shares of AMERISAFE during the fourth quarter worth $2,881,000. Institutional investors own 97.41% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on AMSF. Truist Financial decreased their price target on AMERISAFE from $54.00 to $50.00 and set a "hold" rating on the stock in a report on Monday, July 28th. Wall Street Zen upgraded shares of AMERISAFE from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, JMP Securities reiterated a "market outperform" rating and set a $65.00 price target on shares of AMERISAFE in a research report on Wednesday, April 30th.
Read Our Latest Report on AMSF
AMERISAFE Stock Performance
Shares of AMERISAFE stock opened at $43.67 on Friday. The firm has a fifty day moving average of $44.80 and a two-hundred day moving average of $48.05. The stock has a market capitalization of $829.29 million, a price-to-earnings ratio of 16.54 and a beta of 0.39. AMERISAFE, Inc. has a 52 week low of $42.48 and a 52 week high of $60.24.
AMERISAFE (NASDAQ:AMSF - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. The company had revenue of $79.70 million during the quarter, compared to the consensus estimate of $77.30 million. As a group, research analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.
AMERISAFE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 12th. AMERISAFE's dividend payout ratio (DPR) is currently 59.09%.
About AMERISAFE
(
Free Report)
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.
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