Isthmus Partners LLC Lowers Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Isthmus Partners LLC lowered its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 17.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,610 shares of the insurance provider's stock after selling 13,260 shares during the period. Isthmus Partners LLC owned 0.33% of AMERISAFE worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of AMERISAFE by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 1,472,739 shares of the insurance provider's stock valued at $73,887,000 after acquiring an additional 115,676 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of AMERISAFE by 13.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 701,806 shares of the insurance provider's stock worth $30,802,000 after buying an additional 83,438 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AMERISAFE by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,996 shares of the insurance provider's stock valued at $30,931,000 after buying an additional 14,104 shares in the last quarter. M&G PLC raised its position in shares of AMERISAFE by 1.9% during the 3rd quarter. M&G PLC now owns 461,070 shares of the insurance provider's stock valued at $22,131,000 after buying an additional 8,378 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of AMERISAFE by 5.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 315,409 shares of the insurance provider's stock valued at $13,843,000 after acquiring an additional 15,196 shares during the last quarter. Hedge funds and other institutional investors own 97.41% of the company's stock.

Wall Street Analysts Forecast Growth

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

AMERISAFE Stock Performance

NASDAQ AMSF traded up $0.27 during trading on Friday, hitting $59.02. The stock had a trading volume of 209,643 shares, compared to its average volume of 123,204. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.44 and a beta of 0.33. The stock has a 50 day simple moving average of $53.61 and a 200 day simple moving average of $48.76. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $78.70 million during the quarter, compared to analyst estimates of $75.38 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. During the same period last year, the company earned $0.61 EPS. On average, sell-side analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a $3.37 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from AMERISAFE's previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a dividend yield of 22.84%. AMERISAFE's dividend payout ratio 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.