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

AMERISAFE, Inc. (NASDAQ:AMSF) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 209,880 shares, a drop of 23.4% from the December 31st total of 274,038 shares. Based on an average trading volume of 148,408 shares, the short-interest ratio is currently 1.4 days. Currently, 1.1% of the company’s shares are sold short. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 148,408 shares, the short-interest ratio is currently 1.4 days.

Insider Activity

In related news, CFO Anastasios Omiridis sold 1,247 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $40.21, for a total transaction of $50,141.87. Following the sale, the chief financial officer owned 2,539 shares in the company, valued at $102,093.19. This represents a 32.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMERISAFE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in AMERISAFE by 170.5% in the 2nd quarter. Signaturefd LLC now owns 779 shares of the insurance provider’s stock valued at $34,000 after buying an additional 491 shares in the last quarter. Quarry LP raised its holdings in shares of AMERISAFE by 346.9% in the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 732 shares in the last quarter. GAMMA Investing LLC raised its stake in AMERISAFE by 38.6% in the third quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 455 shares in the last quarter. Danske Bank A S bought a new stake in shares of AMERISAFE during the 4th quarter worth $73,000. Finally, Tower Research Capital LLC TRC increased its position in shares of AMERISAFE by 87.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 898 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMSF has been the subject of a number of analyst reports. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a report on Friday, January 16th. JMP Securities cut their price target on shares of AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AMERISAFE in a research note on Monday, December 29th. Wall Street Zen upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citizens Jmp reduced their target price on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

AMERISAFE Trading Up 2.4%

NASDAQ:AMSF opened at $38.53 on Tuesday. AMERISAFE has a 12 month low of $36.23 and a 12 month high of $53.27. The firm’s 50 day moving average is $38.43 and its 200 day moving average is $41.65. The stock has a market capitalization of $728.99 million, a PE ratio of 14.76 and a beta of 0.35.

About AMERISAFE

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.