AMERISAFE (NASDAQ:AMSF) Given Market Outperform Rating at JMP Securities

AMERISAFE (NASDAQ:AMSF - Get Free Report)'s stock had its "market outperform" rating reiterated by stock analysts at JMP Securities in a research note issued on Wednesday,Benzinga reports. They presently have a $65.00 target price on the insurance provider's stock. JMP Securities' price objective suggests a potential upside of 39.69% from the company's current price.

AMERISAFE Price Performance

AMSF traded down $0.11 during trading hours on Wednesday, reaching $46.53. The company's stock had a trading volume of 77,530 shares, compared to its average volume of 109,762. The business's 50-day moving average is $50.24 and its 200-day moving average is $52.16. The stock has a market cap of $886.40 million, a PE ratio of 14.54 and a beta of 0.41. AMERISAFE has a fifty-two week low of $41.97 and a fifty-two week high of $60.24.

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

Hedge Funds Weigh In On AMERISAFE

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in AMERISAFE in the 4th quarter valued at approximately $43,000. GAMMA Investing LLC grew its stake in 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 in the last quarter. R Squared Ltd purchased a new stake in AMERISAFE during the 4th quarter worth about $99,000. KLP Kapitalforvaltning AS acquired a new stake in AMERISAFE in the 4th quarter valued at about $180,000. Finally, Aquatic Capital Management LLC boosted its stake in shares of AMERISAFE by 336.1% in the 4th quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider's stock valued at $202,000 after buying an additional 3,025 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

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.