AMERISAFE, Inc. (NASDAQ:AMSF) Stock Position Lowered by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,483 shares of the insurance provider’s stock after selling 703 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in AMERISAFE were worth $643,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of AMERISAFE by 63.4% in the 4th quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock valued at $69,000 after acquiring an additional 521 shares in the last quarter. R Squared Ltd purchased a new stake in shares of AMERISAFE in the 4th quarter valued at approximately $99,000. Virtu Financial LLC purchased a new stake in shares of AMERISAFE in the 3rd quarter valued at approximately $200,000. Values First Advisors Inc. lifted its position in shares of AMERISAFE by 8.2% in the 4th quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock valued at $276,000 after acquiring an additional 404 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in AMERISAFE by 6.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Up 1.3 %

AMSF stock opened at $51.46 on Friday. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24. The company has a market cap of $980.31 million, a price-to-earnings ratio of 16.08 and a beta of 0.35. The company has a 50 day moving average of $50.55 and a two-hundred day moving average of $51.65.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. The company had revenue of $73.51 million during the quarter, compared to the consensus estimate of $77.37 million. On average, research analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a yield of 3.03%. AMERISAFE’s payout ratio is 51.21%.

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.