Granite Investment Partners LLC Trims Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

Granite Investment Partners LLC lessened its holdings in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,884 shares of the insurance provider's stock after selling 29,612 shares during the quarter. Granite Investment Partners LLC owned 0.48% of AMERISAFE worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in AMERISAFE by 63.4% during the fourth 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 during the period. R Squared Ltd bought a new stake in shares of AMERISAFE in the fourth quarter valued at $99,000. KLP Kapitalforvaltning AS purchased a new position in shares of AMERISAFE during the 4th quarter valued at $180,000. Versor Investments LP bought a new position in shares of AMERISAFE during the 4th quarter worth $205,000. Finally, Corient Private Wealth LLC purchased a new stake in AMERISAFE in the 4th quarter worth about $207,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

AMERISAFE Stock Performance

NASDAQ AMSF traded down $0.08 during trading on Friday, hitting $49.53. 88,686 shares of the company's stock traded hands, compared to its average volume of 111,065. The stock has a market capitalization of $943.55 million, a price-to-earnings ratio of 15.48 and a beta of 0.34. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24. The business has a 50 day moving average of $50.52 and a 200-day moving average of $52.17.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. The business had revenue of $73.51 million during the quarter, compared to analyst estimates of $77.37 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. On average, analysts expect that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.39 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.15%. AMERISAFE's dividend payout ratio is currently 53.98%.

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.