AMERISAFE, Inc. (NASDAQ:AMSF – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 484,637 shares, a decline of 56.7% from the September 15th total of 1,120,147 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 741,673 shares, the short-interest ratio is currently 0.7 days.
AMERISAFE Price Performance
Shares of NASDAQ AMSF traded down $0.49 during trading on Tuesday, reaching $24.47. 63,567 shares of the stock traded hands, compared to its average volume of 288,122. AMERISAFE has a 52-week low of $23.20 and a 52-week high of $42.22. The company has a 50-day moving average of $25.67 and a 200-day moving average of $29.81. The stock has a market capitalization of $453.67 million, a P/E ratio of 9.88 and a beta of 0.24.
AMERISAFE (NASDAQ:AMSF – Get Free Report) last posted its earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. The business had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $85.09 million. Analysts expect that AMERISAFE will post 1.97 earnings per share for the current fiscal year.
AMERISAFE Dividend Announcement
Institutional Trading of AMERISAFE
A number of large investors have recently modified their holdings of AMSF. Versant Capital Management Inc raised its stake in AMERISAFE by 978.4% in the third quarter. Versant Capital Management Inc now owns 1,650 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 1,497 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in AMERISAFE in the 2nd quarter worth approximately $411,000. Integrated Wealth Concepts LLC bought a new position in shares of AMERISAFE in the 2nd quarter worth $50,000. Squarepoint Ops LLC increased its holdings in shares of AMERISAFE by 56.2% in the 2nd quarter. Squarepoint Ops LLC now owns 27,654 shares of the insurance provider’s stock worth $936,000 after buying an additional 9,949 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of AMERISAFE by 317.8% in the 2nd quarter. Allworth Financial LP now owns 1,124 shares of the insurance provider’s stock worth $38,000 after buying an additional 855 shares during the last quarter. Institutional investors own 97.41% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on AMSF shares. Weiss Ratings lowered AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Monday. Zacks Research upgraded shares of AMERISAFE from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial reduced their target price on shares of AMERISAFE from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Morgan Stanley set a $40.00 target price on shares of AMERISAFE in a report on Monday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.67.
Get Our Latest Stock Report on AMSF
About AMERISAFE
AMERISAFE, Inc (NASDAQ: AMSF) is a specialty workers’ compensation insurance company serving small and midsize employers in industries with elevated workplace risks. The company provides coverage designed to help businesses manage the costs associated with work-related injuries and occupational illnesses.
Its primary markets include construction, trucking, logging, agriculture, maritime operations, oil and gas, and other hazardous industries. In addition to insurance coverage, AMERISAFE emphasizes workplace safety, risk management, claims handling and return-to-work support to help policyholders reduce accidents and manage employee injuries.
Headquartered in DeRidder, Louisiana, AMERISAFE has historically focused on selected U.S.
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