New South Capital Management Inc. Has $8.71 Million Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

New South Capital Management Inc. lessened its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 11.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 165,810 shares of the insurance provider's stock after selling 21,295 shares during the quarter. New South Capital Management Inc. owned approximately 0.87% of AMERISAFE worth $8,713,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of AMERISAFE by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 92,636 shares of the insurance provider's stock valued at $4,774,000 after buying an additional 2,619 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of AMERISAFE by 4.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider's stock worth $562,000 after purchasing an additional 428 shares during the last quarter. Versor Investments LP acquired a new position in shares of AMERISAFE during the fourth quarter valued at $205,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of AMERISAFE by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 661,795 shares of the insurance provider's stock valued at $34,109,000 after acquiring an additional 21,799 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of AMERISAFE during the fourth quarter worth about $9,708,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, 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.

AMERISAFE Trading Down 1.4%

NASDAQ:AMSF traded down $0.61 during mid-day trading on Wednesday, reaching $43.11. 147,940 shares of the stock were exchanged, compared to its average volume of 108,368. The business has a fifty day moving average price of $46.19 and a 200 day moving average price of $49.11. AMERISAFE, Inc. has a 1-year low of $42.56 and a 1-year high of $60.24. The firm has a market capitalization of $821.25 million, a PE ratio of 17.38 and a beta of 0.40.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. AMERISAFE had a net margin of 15.76% and a return on equity of 16.41%. The company had revenue of $83.78 million for the quarter, compared to analysts' expectations of $76.66 million. On average, sell-side analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.62%. AMERISAFE's dividend payout ratio (DPR) is 62.90%.

AMERISAFE 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.