Amerisafe Inc. (AMSF) Shares Sold by GSA Capital Partners LLP
GSA Capital Partners LLP cut its position in Amerisafe Inc. (NASDAQ:AMSF) by 45.2% during the second quarter, Holdings Channel reports. The fund owned 6,500 shares of the company’s stock after selling 5,360 shares during the period. GSA Capital Partners LLP’s holdings in Amerisafe were worth $398,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. AMP Capital Investors Ltd purchased a new position in Amerisafe during the first quarter valued at approximately $330,000. Nuveen Asset Management LLC increased its position in Amerisafe by 8.0% in the first quarter. Nuveen Asset Management LLC now owns 101,746 shares of the company’s stock valued at $5,346,000 after buying an additional 7,520 shares during the last quarter. Renaissance Technologies LLC increased its position in Amerisafe by 15.4% in the first quarter. Renaissance Technologies LLC now owns 105,600 shares of the company’s stock valued at $5,548,000 after buying an additional 14,100 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Amerisafe by 1.8% in the first quarter. UBS Asset Management Americas Inc. now owns 7,735 shares of the company’s stock valued at $406,000 after buying an additional 135 shares during the last quarter. Finally, Zebra Capital Management LLC increased its position in Amerisafe by 19.8% in the first quarter. Zebra Capital Management LLC now owns 14,290 shares of the company’s stock valued at $751,000 after buying an additional 2,357 shares during the last quarter. Hedge funds and other institutional investors own 96.56% of the company’s stock.
Shares of Amerisafe Inc. (NASDAQ:AMSF) traded up 2.76% during midday trading on Thursday, reaching $59.53. 51,524 shares of the company’s stock were exchanged. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 13.92 and a beta of 0.75. The firm has a 50 day moving average of $58.61 and a 200-day moving average of $57.33. Amerisafe Inc. has a one year low of $46.88 and a one year high of $64.97.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.04. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. The business had revenue of $97.56 million for the quarter, compared to the consensus estimate of $100.25 million. During the same period in the prior year, the business posted $0.84 EPS. Amerisafe’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Amerisafe Inc. will post $4.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, September 7th. Amerisafe’s dividend payout ratio is 16.78%.
Several equities analysts recently commented on the company. Zacks Investment Research downgraded Amerisafe from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research note on Friday, July 29th.
In related news, CEO G. Janelle Frost sold 15,432 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $59.01, for a total transaction of $910,642.32. Following the completion of the sale, the chief executive officer now owns 60,321 shares of the company’s stock, valued at $3,559,542.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Neal Andrew Fuller sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $57.30, for a total transaction of $68,760.00. Following the sale, the chief financial officer now directly owns 25,060 shares of the company’s stock, valued at approximately $1,435,938. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Amerisafe Company Profile
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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