AMERISAFE, Inc. (NASDAQ:AMSF) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lessened its stake in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 187,105 shares of the insurance provider's stock after selling 13,868 shares during the quarter. New South Capital Management Inc. owned about 0.98% of AMERISAFE worth $9,643,000 at the end of the most recent reporting period.

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

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AMERISAFE Stock Down 2.0 %

NASDAQ:AMSF traded down $1.02 on Friday, hitting $49.91. The stock had a trading volume of 74,341 shares, compared to its average volume of 111,882. The company has a fifty day moving average price of $50.45 and a two-hundred day moving average price of $51.81. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $60.24. The stock has a market cap of $950.79 million, a price-to-earnings ratio of 15.60 and a beta of 0.33.

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

AMERISAFE Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Friday, March 7th. AMERISAFE's dividend payout ratio is presently 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.