Cwm LLC Grows Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Cwm LLC raised its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,005 shares of the insurance provider’s stock after buying an additional 700 shares during the quarter. Cwm LLC owned approximately 0.10% of AMERISAFE worth $919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP grew its holdings in AMERISAFE by 1,028.4% in the second quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 689 shares during the period. GAMMA Investing LLC grew its stake in shares of AMERISAFE by 97.1% during the 3rd quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after buying an additional 405 shares during the period. EntryPoint Capital LLC increased its holdings in shares of AMERISAFE by 22.0% during the 1st 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. Point72 DIFC Ltd purchased a new position in shares of AMERISAFE in the 2nd quarter worth $100,000. Finally, SG Americas Securities LLC acquired a new position in AMERISAFE in the first quarter valued at $154,000. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMSF shares. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a report on Tuesday.

AMERISAFE Trading Up 0.8 %

Shares of NASDAQ AMSF opened at $51.41 on Friday. The stock has a fifty day moving average price of $48.63 and a 200 day moving average price of $46.92. The company has a market cap of $983.73 million, a P/E ratio of 16.02 and a beta of 0.34. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $54.80.

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

AMERISAFE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.48 annualized dividend and a dividend yield of 2.88%. AMERISAFE’s dividend payout ratio (DPR) is presently 46.11%.

About AMERISAFE

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.