ExodusPoint Capital Management LP Cuts Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

ExodusPoint Capital Management LP cut its position in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,151 shares of the insurance provider's stock after selling 15,253 shares during the period. ExodusPoint Capital Management LP owned 0.14% of AMERISAFE worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of AMERISAFE by 63.4% during the 4th quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider's stock worth $69,000 after acquiring an additional 521 shares in the last quarter. R Squared Ltd acquired a new position in AMERISAFE in the fourth quarter valued at approximately $99,000. KLP Kapitalforvaltning AS purchased a new position in AMERISAFE in the fourth quarter valued at approximately $180,000. Virtu Financial LLC acquired a new stake in AMERISAFE during the third quarter worth approximately $200,000. Finally, Versor Investments LP acquired a new stake in AMERISAFE during the fourth quarter worth approximately $205,000. 97.41% of the stock is currently owned by institutional investors and hedge funds.

AMERISAFE Price Performance

Shares of AMERISAFE stock traded up $0.20 during trading hours on Tuesday, hitting $49.36. The company had a trading volume of 8,249 shares, compared to its average volume of 111,462. The company's 50-day moving average is $50.58 and its two-hundred day moving average is $52.20. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The company has a market cap of $940.21 million, a P/E ratio of 15.42 and a beta of 0.34.

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AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.50% and a net margin of 19.49%. The company had revenue of $73.51 million for the quarter, compared to analyst estimates of $77.37 million. Sell-side analysts expect that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Friday, March 7th. AMERISAFE's dividend payout ratio is currently 53.98%.

AMERISAFE 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.