Y Intercept Hong Kong Ltd Buys 18,175 Shares of AMERISAFE, Inc. $AMSF

Y Intercept Hong Kong Ltd lifted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 51.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,787 shares of the insurance provider’s stock after acquiring an additional 18,175 shares during the period. Y Intercept Hong Kong Ltd’s holdings in AMERISAFE were worth $1,793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Clearstead Advisors LLC grew its holdings in AMERISAFE by 142.4% in the fourth quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 386 shares during the period. Hantz Financial Services Inc. boosted its position in shares of AMERISAFE by 159.6% during the 4th quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 439 shares in the last quarter. Quarry LP boosted its position in shares of AMERISAFE by 346.9% during the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 732 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of AMERISAFE in the 4th quarter valued at about $54,000. Finally, Danske Bank A S bought a new stake in AMERISAFE in the 4th quarter valued at about $73,000. 97.41% of the stock is owned by institutional investors.

AMERISAFE Stock Performance

Shares of NASDAQ AMSF opened at $34.47 on Friday. The stock has a market cap of $644.59 million, a price-to-earnings ratio of 14.19 and a beta of 0.23. AMERISAFE, Inc. has a fifty-two week low of $29.42 and a fifty-two week high of $47.86. The firm’s 50-day simple moving average is $31.70 and its 200 day simple moving average is $34.25.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The company had revenue of $80.09 million for the quarter, compared to the consensus estimate of $90.49 million. AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%. On average, sell-side analysts predict that AMERISAFE, Inc. will post 2.08 EPS for the current year.

AMERISAFE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 12th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, June 12th. This represents a $1.64 annualized dividend and a yield of 4.8%. AMERISAFE’s dividend payout ratio is 67.49%.

Wall Street Analyst Weigh In

AMSF has been the topic of a number of research reports. Truist Financial dropped their price target on AMERISAFE from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen upgraded AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Citizens Jmp lowered their target price on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Finally, Weiss Ratings cut AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.67.

AMERISAFE Profile

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.