GSA Capital Partners LLP Invests $2.11 Million in AMERISAFE, Inc. (NASDAQ:AMSF)

GSA Capital Partners LLP bought a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) in the 3rd quarter, Holdings Channel.com reports. The firm bought 43,591 shares of the insurance provider’s stock, valued at approximately $2,107,000.

Other institutional investors have also recently made changes to their positions in the company. Champlain Investment Partners LLC grew its position in shares of AMERISAFE by 12.8% during the first quarter. Champlain Investment Partners LLC now owns 855,916 shares of the insurance provider’s stock worth $42,941,000 after purchasing an additional 97,280 shares in the last quarter. M&G Plc purchased a new stake in shares of AMERISAFE during the first quarter worth about $23,251,000. Public Employees Retirement Association of Colorado grew its position in shares of AMERISAFE by 5.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 315,409 shares of the insurance provider’s stock worth $13,843,000 after purchasing an additional 15,196 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of AMERISAFE during the first quarter worth about $821,000. Finally, EntryPoint Capital LLC grew its position in shares of 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 purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Performance

Shares of AMERISAFE stock opened at $59.66 on Wednesday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 18.64 and a beta of 0.33. The stock has a 50 day moving average price of $50.83 and a 200-day moving average price of $47.62. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $60.24.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The firm had revenue of $78.70 million during the quarter, compared to analysts’ expectations of $75.38 million. During the same quarter in the previous year, the business earned $0.61 EPS. Sell-side analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be paid a dividend of $3.37 per share. This is a positive change from AMERISAFE’s previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a dividend yield of 22.59%. The ex-dividend date of this dividend is Friday, December 6th. AMERISAFE’s dividend payout ratio (DPR) is currently 46.25%.

Wall Street Analysts Forecast Growth

AMSF has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of AMERISAFE in a research report on Tuesday, October 15th. Truist Financial raised their price target on AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

AMERISAFE Company 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.