AMERISAFE, Inc. (NASDAQ:AMSF) Short Interest Update

AMERISAFE, Inc. (NASDAQ:AMSFGet Free Report) saw a significant decrease in short interest in the month of February. As of February 29th, there was short interest totalling 167,400 shares, a decrease of 22.4% from the February 14th total of 215,600 shares. Based on an average daily volume of 116,500 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On AMERISAFE

Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in shares of AMERISAFE in the 3rd quarter worth approximately $32,000. Point72 Hong Kong Ltd bought a new position in shares of AMERISAFE during the 2nd quarter worth approximately $35,000. Gladius Capital Management LP bought a new position in shares of AMERISAFE during the 3rd quarter worth approximately $35,000. Qube Research & Technologies Ltd acquired a new position in AMERISAFE during the 3rd quarter valued at approximately $41,000. Finally, Point72 Middle East FZE acquired a new stake in shares of AMERISAFE in the fourth quarter worth $48,000. 96.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet raised AMERISAFE from a “c+” rating to a “b-” rating in a research report on Monday, March 4th.

Check Out Our Latest Analysis on AMSF

AMERISAFE Trading Down 0.2 %

Shares of NASDAQ AMSF opened at $50.53 on Friday. The stock’s 50-day moving average is $49.75 and its 200 day moving average is $49.97. The stock has a market cap of $966.89 million, a price-to-earnings ratio of 15.64 and a beta of 0.32. AMERISAFE has a 1-year low of $45.34 and a 1-year high of $57.06.

AMERISAFE (NASDAQ:AMSFGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.08. AMERISAFE had a return on equity of 17.19% and a net margin of 20.24%. The company had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $75.15 million. On average, analysts forecast that AMERISAFE will post 2.47 EPS for the current fiscal year.

AMERISAFE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.93%. This is an increase from AMERISAFE’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 7th. AMERISAFE’s dividend payout ratio is presently 45.82%.


(Get Free Report)

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.

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