GSA Capital Partners LLP lowered its position in shares of Amerisafe, Inc. (NASDAQ:AMSF) by 20.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,838 shares of the insurance provider’s stock after selling 2,301 shares during the quarter. GSA Capital Partners LLP’s holdings in Amerisafe were worth $501,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMSF. Tygh Capital Management Inc. acquired a new stake in shares of Amerisafe during the 4th quarter worth approximately $10,513,000. Teachers Advisors LLC boosted its position in shares of Amerisafe by 387.2% in the third quarter. Teachers Advisors LLC now owns 179,962 shares of the insurance provider’s stock worth $11,149,000 after buying an additional 143,027 shares during the period. Eaton Vance Management acquired a new stake in shares of Amerisafe in the fourth quarter worth $6,184,000. Walthausen & Co. LLC acquired a new stake in shares of Amerisafe in the third quarter worth $6,575,000. Finally, Morgan Stanley boosted its position in shares of Amerisafe by 117.2% in the third quarter. Morgan Stanley now owns 138,608 shares of the insurance provider’s stock worth $8,587,000 after buying an additional 74,804 shares during the period.
Several analysts have recently commented on the company. ValuEngine raised Amerisafe from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded Amerisafe from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, February 12th. Finally, BidaskClub upgraded Amerisafe from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.33.
NASDAQ AMSF opened at $60.37 on Friday. Amerisafe, Inc. has a fifty-two week low of $50.46 and a fifty-two week high of $67.96. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 15.64 and a beta of 0.53.
Amerisafe (NASDAQ:AMSF) last posted its earnings results on Wednesday, February 27th. The insurance provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.20. Amerisafe had a return on equity of 17.07% and a net margin of 18.96%. On average, equities research analysts anticipate that Amerisafe, Inc. will post 3.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.25 per share. This is a positive change from Amerisafe’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, March 7th. Amerisafe’s dividend payout ratio (DPR) is 25.91%.
AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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