AlphaQuest LLC Has $558,000 Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

AlphaQuest LLC reduced its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,835 shares of the insurance provider’s stock after selling 6,343 shares during the quarter. AlphaQuest LLC’s holdings in AMERISAFE were worth $558,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in AMERISAFE by 63.4% in the 4th quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock valued at $69,000 after buying an additional 521 shares during the period. R Squared Ltd bought a new position in AMERISAFE in the 4th quarter valued at about $99,000. Versor Investments LP bought a new position in AMERISAFE in the 4th quarter valued at about $205,000. Virtu Financial LLC bought a new position in AMERISAFE in the 3rd quarter valued at about $200,000. Finally, Values First Advisors Inc. increased its holdings in AMERISAFE by 8.2% in the 4th quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock valued at $276,000 after buying an additional 404 shares during the period. 97.41% of the stock is owned by institutional investors.

AMERISAFE Stock Down 0.6 %

AMSF stock opened at $50.04 on Thursday. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24. The firm has a market cap of $953.26 million, a P/E ratio of 15.64 and a beta of 0.33. The company’s 50-day moving average price is $50.36 and its two-hundred day moving average price is $51.84.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The firm had revenue of $73.51 million for the quarter, compared to analyst estimates of $77.37 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. Equities analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, March 7th. AMERISAFE’s dividend payout ratio (DPR) is presently 53.98%.

AMERISAFE Company Profile

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.