Invesco Ltd. Reduces Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Invesco Ltd. reduced its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,469 shares of the insurance provider's stock after selling 10,409 shares during the period. Invesco Ltd. owned 0.83% of AMERISAFE worth $8,167,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of AMERISAFE by 63.4% during the 4th 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 purchased a new position in AMERISAFE during the fourth quarter worth about $99,000. KLP Kapitalforvaltning AS purchased a new position in AMERISAFE during the fourth quarter worth about $180,000. Virtu Financial LLC purchased a new position in shares of AMERISAFE in the 3rd quarter worth about $200,000. Finally, Versor Investments LP purchased a new position in shares of AMERISAFE in the 4th quarter worth about $205,000. 97.41% of the stock is currently owned by institutional investors and hedge funds.

AMERISAFE Trading Down 0.8 %

Shares of AMERISAFE stock traded down $0.41 during trading hours on Tuesday, reaching $48.61. The stock had a trading volume of 10,481 shares, compared to its average volume of 109,607. The firm has a 50 day simple moving average of $50.47 and a two-hundred day simple moving average of $52.24. The firm has a market capitalization of $925.98 million, a price-to-earnings ratio of 15.23 and a beta of 0.34. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. The company had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. Sell-side analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.21%. AMERISAFE's payout ratio is currently 53.98%.

About AMERISAFE

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.