R Squared Ltd Acquires New Shares in AMERISAFE, Inc. (NASDAQ:AMSF)

R Squared Ltd bought a new position in AMERISAFE, Inc. (NASDAQ:AMSF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,923 shares of the insurance provider’s stock, valued at approximately $99,000.

A number of other hedge funds also recently added to or reduced their stakes in AMSF. Diversified Trust Co grew its holdings in AMERISAFE by 3.8% in the 3rd quarter. Diversified Trust Co now owns 8,916 shares of the insurance provider’s stock worth $431,000 after buying an additional 325 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of AMERISAFE by 6.9% in the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 381 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of AMERISAFE by 97.1% during the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 405 shares during the period. Inspire Investing LLC raised its stake in shares of AMERISAFE by 5.7% during the third quarter. Inspire Investing LLC now owns 8,503 shares of the insurance provider’s stock valued at $411,000 after purchasing an additional 461 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in AMERISAFE in the third quarter worth about $28,000. 97.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on AMSF shares. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th. Truist Financial boosted their target price on AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th.

AMERISAFE Trading Down 1.1 %

Shares of NASDAQ AMSF opened at $49.95 on Friday. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The firm has a 50-day moving average of $53.11 and a two-hundred day moving average of $51.31. The company has a market capitalization of $951.55 million, a price-to-earnings ratio of 15.61 and a beta of 0.35.

About AMERISAFE

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.