GSA Capital Partners LLP Buys New Shares in AMERISAFE, Inc. (NASDAQ:AMSF)

GSA Capital Partners LLP bought a new stake in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,591 shares of the insurance provider's stock, valued at approximately $2,107,000. GSA Capital Partners LLP owned 0.23% of AMERISAFE as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of AMERISAFE during the 3rd quarter valued at $28,000. Quarry LP raised its stake in shares of AMERISAFE by 1,028.4% during the second quarter. Quarry LP now owns 756 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 689 shares during the last quarter. Isthmus Partners LLC lifted its holdings in shares of AMERISAFE by 14.4% during the second quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 9,672 shares in the last quarter. GAMMA Investing LLC raised its position in AMERISAFE by 97.1% in the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider's stock worth $40,000 after acquiring an additional 405 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in AMERISAFE during the second quarter valued at $100,000. 97.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMSF shares. Truist Financial increased their target price on AMERISAFE from $48.00 to $54.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. JMP Securities reiterated a "market outperform" rating and set a $65.00 price objective on shares of AMERISAFE in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded AMERISAFE from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.

AMERISAFE Price Performance

Shares of AMSF stock traded down $0.37 during midday trading on Wednesday, hitting $59.29. The company had a trading volume of 74,330 shares, compared to its average volume of 124,231. The company's 50 day simple moving average is $51.03 and its 200 day simple moving average is $47.72. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $60.24. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 18.53 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The company had revenue of $78.70 million for the quarter, compared to the consensus estimate of $75.38 million. During the same period in the previous year, the business earned $0.61 EPS. Analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be paid a dividend of $3.37 per share. This is a positive change from AMERISAFE's previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a yield of 22.74%. The ex-dividend date is Friday, December 6th. AMERISAFE's dividend payout ratio (DPR) is presently 46.25%.

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.