AMERISAFE, Inc. (NASDAQ:AMSF) Holdings Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,483 shares of the insurance provider’s stock after selling 703 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.07% of AMERISAFE worth $643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of AMERISAFE by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock valued at $69,000 after acquiring an additional 521 shares in the last quarter. R Squared Ltd bought a new position in shares of AMERISAFE in the fourth quarter valued at approximately $99,000. Virtu Financial LLC bought a new position in shares of AMERISAFE in the third quarter valued at approximately $200,000. Values First Advisors Inc. lifted its stake in AMERISAFE by 8.2% during the fourth quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 404 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 381 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.

AMERISAFE Price Performance

AMSF stock opened at $51.46 on Friday. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24. The firm has a market cap of $980.31 million, a PE ratio of 16.08 and a beta of 0.35. The firm has a 50 day simple moving average of $50.55 and a 200 day simple moving average of $51.65.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. The business had revenue of $73.51 million during the quarter, compared to analyst estimates of $77.37 million. As a group, sell-side analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, March 7th. AMERISAFE’s dividend payout ratio is presently 51.21%.

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.