Amerisafe Inc. (AMSF) Sees Unusually-High Trading Volume
Amerisafe Inc. (NASDAQ:AMSF) shares saw an uptick in trading volume on Wednesday . 246,200 shares changed hands during trading, an increase of 174% from the previous session’s volume of 89,919 shares.The stock last traded at $60.01 and had previously closed at $59.24.
A number of research firms recently issued reports on AMSF. Zacks Investment Research cut shares of Amerisafe from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research report on Friday, July 29th.
The firm has a 50 day moving average price of $59.28 and a 200-day moving average price of $56.59. The firm has a market cap of $1.15 billion and a PE ratio of 14.03.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $97.56 million for the quarter, compared to analysts’ expectations of $100.25 million. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. On average, equities research analysts predict that Amerisafe Inc. will post $4.00 earnings per share for the current fiscal 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 given a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%.
In other Amerisafe news, CEO G. Janelle Frost sold 15,432 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 60,321 shares in the company, valued at $3,559,542.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in Amerisafe stock. Wells Fargo & Company MN raised its stake in Amerisafe Inc. (NASDAQ:AMSF) by 33.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 206,665 shares of the company’s stock after buying an additional 52,022 shares during the period. Wells Fargo & Company MN owned 1.09% of Amerisafe worth $10,520,000 at the end of the most recent reporting period.
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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