Bank of Montreal Can bought a new position in Amerisafe Inc. (NASDAQ:AMSF) during the second quarter, Holdings Channel reports. The fund bought 77,553 shares of the company’s stock, valued at approximately $4,747,000.
Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System boosted its stake 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 worth $947,000 after buying an additional 2,100 shares during the last quarter. 1st Global Advisors Inc. acquired a new stake in Amerisafe during the second quarter worth about $251,000. Eagle Asset Management Inc. boosted its stake in Amerisafe by 3.6% in the second quarter. Eagle Asset Management Inc. now owns 74,706 shares of the company’s stock worth $4,573,000 after buying an additional 2,569 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Amerisafe by 14.0% in the second quarter. Capstone Asset Management Co. now owns 7,996 shares of the company’s stock worth $490,000 after buying an additional 980 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in Amerisafe by 23.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 14,535 shares of the company’s stock worth $890,000 after buying an additional 2,720 shares during the last quarter. 96.56% of the stock is owned by institutional investors and hedge funds.
Amerisafe Inc. (NASDAQ:AMSF) traded up 0.50% during trading on Wednesday, reaching $60.34. The company’s stock had a trading volume of 75,497 shares. The stock has a market cap of $1.15 billion, a PE ratio of 14.10 and a beta of 0.72. Amerisafe Inc. has a 12 month low of $46.88 and a 12 month high of $64.97. The company’s 50-day moving average is $59.10 and its 200-day moving average is $58.15.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.85 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 firm had revenue of $97.56 million for the quarter, compared to analyst estimates of $100.25 million. During the same period in the previous year, the business posted $0.84 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities analysts expect that Amerisafe Inc. will post $4.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Wednesday, September 7th. Amerisafe’s payout ratio is 16.78%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Amerisafe from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. FBR & Co reissued a “buy” rating on shares of Amerisafe in a research note on Friday, July 29th.
In other news, CEO G. Janelle Frost sold 15,432 shares of Amerisafe stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $59.01, for a total transaction of $910,642.32. Following the sale, the chief executive officer now directly owns 60,321 shares of the company’s stock, valued at $3,559,542.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Neal Andrew Fuller sold 1,200 shares of Amerisafe stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $57.30, for a total value of $68,760.00. Following the sale, the chief financial officer now directly owns 25,060 shares in the company, valued at $1,435,938. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
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.
Want to see what other hedge funds are holding AMSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amerisafe Inc. (NASDAQ:AMSF).
Receive News & Ratings for Amerisafe Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisafe Inc. and related companies with MarketBeat.com's FREE daily email newsletter.