Foundry Partners LLC Trims Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Foundry Partners LLC decreased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,010 shares of the insurance provider's stock after selling 13,150 shares during the period. Foundry Partners LLC owned 0.30% of AMERISAFE worth $2,938,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMSF. State Street Corp boosted its holdings in shares of AMERISAFE by 8.5% during the 3rd quarter. State Street Corp now owns 811,561 shares of the insurance provider's stock worth $39,223,000 after buying an additional 63,638 shares in the last quarter. Barclays PLC raised its stake in AMERISAFE by 365.6% during the 3rd quarter. Barclays PLC now owns 33,219 shares of the insurance provider's stock worth $1,605,000 after buying an additional 26,084 shares during the period. Jane Street Group LLC increased its stake in AMERISAFE by 70.6% during the 3rd quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider's stock valued at $1,996,000 after purchasing an additional 17,084 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider's stock valued at $284,000 after buying an additional 381 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in AMERISAFE by 1,328.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,914 shares of the insurance provider's stock worth $305,000 after acquiring an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company's stock.

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AMERISAFE Price Performance

Shares of AMSF stock traded down $0.37 on Thursday, hitting $48.96. The stock had a trading volume of 24,141 shares, compared to its average volume of 84,982. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24. The stock has a market cap of $932.59 million, a price-to-earnings ratio of 15.30 and a beta of 0.34. The business has a 50 day moving average of $50.68 and a 200 day moving average of $52.16.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last announced its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. The firm had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. As a group, research analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Friday, March 7th. AMERISAFE's payout ratio is 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.