AMERISAFE, Inc. (NASDAQ:AMSF) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,178 shares of the insurance provider’s stock after purchasing an additional 2,161 shares during the period. Quest Partners LLC’s holdings in AMERISAFE were worth $830,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new position in AMERISAFE in the 3rd quarter valued at about $28,000. Quarry LP lifted its holdings in AMERISAFE by 1,028.4% in the second quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 689 shares during the last quarter. Isthmus Partners LLC grew its position in AMERISAFE by 14.4% in the second quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 9,672 shares during the period. GAMMA Investing LLC increased its stake in AMERISAFE by 97.1% during the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 405 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in AMERISAFE in the second quarter valued at $100,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

AMERISAFE Price Performance

NASDAQ AMSF opened at $58.07 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 18.15 and a beta of 0.33. The stock has a 50-day moving average of $52.23 and a two-hundred day moving average of $48.21. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $60.24.

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

AMERISAFE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be issued a $3.37 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a positive change from AMERISAFE’s previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a yield of 23.21%. AMERISAFE’s dividend payout ratio (DPR) is 46.25%.

Analyst Upgrades and Downgrades

AMSF has been the subject of a number of research analyst reports. Truist Financial increased their price target on AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a report on Tuesday, October 15th.

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.