Neuberger Berman Group LLC Trims Stock Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Neuberger Berman Group LLC trimmed its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,795,758 shares of the insurance provider’s stock after selling 5,834 shares during the quarter. Neuberger Berman Group LLC owned 0.09% of AMERISAFE worth $92,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in 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 buying an additional 521 shares in the last quarter. R Squared Ltd purchased a new position in shares of AMERISAFE during the 4th quarter valued at $99,000. KLP Kapitalforvaltning AS bought a new position in shares of AMERISAFE in the fourth quarter worth $180,000. Versor Investments LP bought a new position in shares of AMERISAFE in the fourth quarter worth $205,000. Finally, Corient Private Wealth LLC bought a new position in shares of AMERISAFE in the fourth quarter worth $207,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

AMERISAFE Stock Performance

AMERISAFE stock opened at $49.32 on Thursday. The stock has a market cap of $939.55 million, a P/E ratio of 15.41 and a beta of 0.34. AMERISAFE, Inc. has a fifty-two week low of $41.97 and a fifty-two week high of $60.24. The firm’s fifty day moving average price is $50.68 and its 200-day moving average price is $52.16.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $77.37 million. Sell-side analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.16%. AMERISAFE’s dividend payout ratio (DPR) is presently 53.98%.

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.