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AMERISAFE, Inc. (NASDAQ:AMSF) Short Interest Update

AMERISAFE logo with Finance background

AMERISAFE, Inc. (NASDAQ:AMSF - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 163,000 shares, a drop of 40.1% from the May 15th total of 272,000 shares. Currently, 0.9% of the company's stock are short sold. Based on an average daily volume of 142,700 shares, the short-interest ratio is presently 1.1 days.

AMERISAFE Trading Up 0.1 %

Shares of AMERISAFE stock traded up $0.03 on Thursday, hitting $42.50. The stock had a trading volume of 147,807 shares, compared to its average volume of 129,258. AMERISAFE has a 52-week low of $42.12 and a 52-week high of $56.54. The stock has a market cap of $813.45 million, a price-to-earnings ratio of 13.24 and a beta of 0.35. The company's 50 day moving average price is $46.22 and its 200 day moving average price is $48.08.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its earnings results on Thursday, April 25th. The insurance provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. AMERISAFE had a return on equity of 16.76% and a net margin of 19.97%. The business had revenue of $80.49 million during the quarter, compared to the consensus estimate of $75.22 million. During the same period in the previous year, the business earned $0.83 EPS. Analysts predict that AMERISAFE will post 2.45 EPS for the current fiscal year.

AMERISAFE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 14th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, June 14th. AMERISAFE's dividend payout ratio (DPR) is presently 46.11%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. raised AMERISAFE from a "sell" rating to a "hold" rating in a report on Tuesday, May 14th. TheStreet raised AMERISAFE from a "c+" rating to a "b-" rating in a report on Monday, March 4th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price target on shares of AMERISAFE in a report on Monday, April 15th.

Read Our Latest Report on AMSF

Insider Activity at AMERISAFE

In related news, Director Michael J. Brown bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $43.52 per share, for a total transaction of $43,520.00. Following the completion of the acquisition, the director now owns 10,055 shares in the company, valued at approximately $437,593.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AMERISAFE

Institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP acquired a new position in AMERISAFE during the 3rd quarter worth approximately $34,000. EntryPoint Capital LLC increased its position in AMERISAFE by 22.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider's stock worth $104,000 after purchasing an additional 376 shares during the period. SG Americas Securities LLC acquired a new position in AMERISAFE during the 1st quarter worth approximately $154,000. PNC Financial Services Group Inc. increased its position in AMERISAFE by 26.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider's stock worth $182,000 after purchasing an additional 828 shares during the period. Finally, Values First Advisors Inc. increased its position in AMERISAFE by 16.8% during the 4th quarter. Values First Advisors Inc. now owns 4,782 shares of the insurance provider's stock worth $224,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 97.41% of the company's stock.


(Get 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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