Strs Ohio decreased its position in Amerisafe Inc. (NASDAQ:AMSF) by 7.3% during the second quarter, Holdings Channel reports. The fund owned 15,300 shares of the company’s stock after selling 1,200 shares during the period. Strs Ohio’s holdings in Amerisafe were worth $936,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in shares of Amerisafe during the second quarter valued at $4,747,000. New York State Teachers Retirement System boosted its position in shares of Amerisafe by 15.7% in the second quarter. New York State Teachers Retirement System now owns 15,476 shares of the company’s stock valued at $947,000 after buying an additional 2,100 shares in the last quarter. 1st Global Advisors Inc. acquired a new position in shares of Amerisafe during the second quarter valued at $251,000. Eagle Asset Management Inc. boosted its position in shares of Amerisafe by 3.6% in the second quarter. Eagle Asset Management Inc. now owns 74,706 shares of the company’s stock valued at $4,573,000 after buying an additional 2,569 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Amerisafe by 14.0% in the second quarter. Capstone Asset Management Co. now owns 7,996 shares of the company’s stock valued at $490,000 after buying an additional 980 shares in the last quarter. 96.56% of the stock is owned by institutional investors and hedge funds.
Shares of Amerisafe Inc. (NASDAQ:AMSF) traded down 0.92% during trading on Friday, hitting $59.24. 62,358 shares of the stock traded hands. Amerisafe Inc. has a 52 week low of $46.88 and a 52 week high of $64.97. The company has a 50-day moving average of $59.19 and a 200-day moving average of $58.24. The firm has a market cap of $1.13 billion, a P/E ratio of 13.85 and a beta of 0.72.
Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.04. The company earned $97.56 million during the quarter, compared to analyst estimates of $100.25 million. Amerisafe had a return on equity of 16.95% and a net margin of 20.52%. Amerisafe’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, analysts forecast that Amerisafe Inc. will post $4.00 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, September 7th. Amerisafe’s dividend payout ratio is currently 16.78%.
Several brokerages have recently weighed in on AMSF. Zacks Investment Research cut shares of Amerisafe from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. FBR & Co reaffirmed a “buy” rating on shares of Amerisafe in a research note on Friday, July 29th.
In other Amerisafe news, CFO Neal Andrew Fuller sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $57.30, for a total value of $68,760.00. Following the transaction, the chief financial officer now directly owns 25,060 shares of the company’s stock, valued at $1,435,938. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G. Janelle Frost sold 15,432 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $59.01, for a total value of $910,642.32. Following the completion of the transaction, the chief executive officer now directly owns 60,321 shares in the company, valued at $3,559,542.21. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.