WESPAC Advisors LLC raised its stake in Amerisafe Inc. (NASDAQ:AMSF) by 16.0% during the second quarter, Holdings Channel reports. The fund owned 37,815 shares of the company’s stock after buying an additional 5,208 shares during the period. Amerisafe accounts for approximately 2.4% of WESPAC Advisors LLC’s holdings, making the stock its 7th largest position. WESPAC Advisors LLC’s holdings in Amerisafe were worth $2,315,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Amerisafe during the second quarter valued at about $4,747,000. New York State Teachers Retirement System boosted its position in 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 during the last quarter. 1st Global Advisors Inc. acquired a new position in Amerisafe during the second quarter valued at about $251,000. Eagle Asset Management Inc. boosted its position in 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 during the last quarter. Finally, Capstone Asset Management Co. boosted its position in 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 during the last quarter. Hedge funds and other institutional investors own 96.56% of the company’s stock.
Amerisafe Inc. (NASDAQ:AMSF) traded up 1.28% during mid-day trading on Wednesday, reaching $57.93. The company’s stock had a trading volume of 77,665 shares. The company has a market capitalization of $1.11 billion, a PE ratio of 13.54 and a beta of 0.75. The firm has a 50 day moving average price of $58.55 and a 200-day moving average price of $57.33. Amerisafe Inc. has a 1-year low of $46.88 and a 1-year high of $64.97.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.04. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. The company had revenue of $97.56 million for the quarter, compared to analyst estimates of $100.25 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities analysts predict that Amerisafe Inc. will post $4.00 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. Amerisafe’s dividend payout ratio is currently 16.78%.
Several research firms have issued reports on AMSF. Zacks Investment Research upgraded Amerisafe from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research report on Friday, July 29th.
In related news, CEO G. Janelle Frost sold 15,432 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $59.01, for a total transaction of $910,642.32. Following the completion of the transaction, the chief executive officer now owns 60,321 shares in the company, valued at approximately $3,559,542.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neal Andrew Fuller sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $57.30, for a total value of $68,760.00. Following the transaction, the chief financial officer now owns 25,060 shares of the company’s stock, valued at approximately $1,435,938. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Amerisafe Company Profile
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.
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