AMERISAFE, Inc. (NASDAQ:AMSF) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,343 shares of the insurance provider’s stock after buying an additional 521 shares during the quarter. GAMMA Investing LLC’s holdings in AMERISAFE were worth $69,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Diversified Trust Co lifted its stake in AMERISAFE by 3.8% during the 3rd quarter. Diversified Trust Co now owns 8,916 shares of the insurance provider’s stock worth $431,000 after acquiring an additional 325 shares in the last quarter. BNP Paribas Financial Markets increased its stake in AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 381 shares during the period. Inspire Investing LLC lifted its position in shares of AMERISAFE by 5.7% during the third quarter. Inspire Investing LLC now owns 8,503 shares of the insurance provider’s stock worth $411,000 after purchasing an additional 461 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of AMERISAFE in the third quarter valued at approximately $28,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of AMERISAFE by 3.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 19,008 shares of the insurance provider’s stock valued at $919,000 after purchasing an additional 645 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Analyst Ratings Changes

AMSF has been the topic of a number of research reports. Truist Financial increased their target price on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th.

AMERISAFE Price Performance

AMERISAFE stock opened at $48.89 on Monday. The stock’s 50 day moving average price is $54.96 and its 200 day moving average price is $50.72. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $60.24. The company has a market cap of $931.35 million, a PE ratio of 15.28 and a beta of 0.35.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $75.38 million. During the same quarter in the previous year, the company earned $0.61 EPS. On average, equities research analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were given a dividend of $3.37 per share. This represents a $13.48 dividend on an annualized basis and a yield of 27.57%. The ex-dividend date was Friday, December 6th. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. AMERISAFE’s dividend payout ratio (DPR) is currently 46.25%.

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.