Capital Fund Management S.A. cut its stake in Amerisafe Inc. (NASDAQ:AMSF) by 60.9% during the second quarter, Holdings Channel reports. The firm owned 4,689 shares of the company’s stock after selling 7,311 shares during the period. Capital Fund Management S.A.’s holdings in Amerisafe were worth $287,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of AMSF. 1st Global Advisors Inc. purchased a new position in Amerisafe during the second quarter valued at approximately $251,000. Aperio Group LLC purchased a new position in Amerisafe during the first quarter valued at approximately $277,000. AMP Capital Investors Ltd purchased a new position in Amerisafe during the first quarter valued at approximately $330,000. BNP Paribas Arbitrage SA raised its position in Amerisafe by 112.4% in the second quarter. BNP Paribas Arbitrage SA now owns 6,194 shares of the company’s stock valued at $379,000 after buying an additional 3,278 shares in the last quarter. Finally, Capstone Asset Management Co. raised 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 in the last quarter. Institutional investors and hedge funds own 96.56% of the company’s stock.
Shares of Amerisafe Inc. (NASDAQ:AMSF) traded down 0.92% during midday trading on Friday, hitting $59.24. 62,358 shares of the company traded hands. The stock has a 50 day moving average of $59.19 and a 200-day moving average of $58.24. The stock has a market capitalization of $1.13 billion, a PE ratio of 13.85 and a beta of 0.72. Amerisafe Inc. has a 52 week low of $46.88 and a 52 week high of $64.97.
Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $97.56 million for the quarter, compared to the consensus estimate of $100.25 million. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. Amerisafe’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. Equities analysts forecast that Amerisafe Inc. will post $4.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.72 annualized dividend and a yield of 1.22%. Amerisafe’s payout ratio is currently 16.78%.
Several research firms have commented on AMSF. Zacks Investment Research lowered shares of Amerisafe from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 3rd. FBR & Co reissued a “buy” rating on shares of Amerisafe in a report on Friday, July 29th.
In related news, CFO Neal Andrew Fuller sold 1,200 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $57.30, for a total transaction of $68,760.00. Following the completion of the transaction, the chief financial officer now owns 25,060 shares in the company, valued at $1,435,938. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO G. Janelle Frost sold 15,432 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $59.01, for a total transaction of $910,642.32. Following the transaction, the chief executive officer now owns 60,321 shares of the company’s stock, valued at approximately $3,559,542.21. The disclosure for this sale can be found here. Corporate 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.
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