Isthmus Partners LLC Buys 9,672 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Isthmus Partners LLC grew its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 14.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 76,870 shares of the insurance provider’s stock after acquiring an additional 9,672 shares during the period. Isthmus Partners LLC’s holdings in AMERISAFE were worth $34,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in AMSF. EntryPoint Capital LLC raised its stake in AMERISAFE by 22.0% during the first quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock worth $104,000 after buying an additional 376 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of AMERISAFE during the 1st quarter worth approximately $154,000. PNC Financial Services Group Inc. lifted its position in shares of AMERISAFE by 26.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider’s stock valued at $182,000 after buying an additional 828 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of AMERISAFE in the first quarter worth about $253,000. Finally, Allspring Global Investments Holdings LLC grew its stake in AMERISAFE by 209.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,508 shares of the insurance provider’s stock valued at $276,000 after buying an additional 3,730 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AMSF. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of AMERISAFE in a research report on Tuesday, July 30th. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

AMERISAFE Stock Performance

Shares of NASDAQ:AMSF traded down $0.10 during midday trading on Friday, reaching $48.52. 63,096 shares of the company’s stock traded hands, compared to its average volume of 125,033. The stock has a 50 day moving average of $47.31 and a 200 day moving average of $47.41. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $54.80. The company has a market cap of $928.43 million, a price-to-earnings ratio of 15.12 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Monday, July 29th. The insurance provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). AMERISAFE had a return on equity of 16.38% and a net margin of 18.46%. The company had revenue of $75.83 million during the quarter, compared to the consensus estimate of $74.20 million. During the same period in the prior year, the business posted $0.73 earnings per share. Sell-side analysts predict that AMERISAFE, Inc. will post 2.4 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.48 annualized dividend and a yield of 3.05%. AMERISAFE’s dividend payout ratio (DPR) is currently 46.11%.

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.