AMERISAFE, Inc. (NASDAQ:AMSF – Get Ranking) was the goal of a giant lower in brief curiosity in August. As of August thirty first, there was quick curiosity totalling 203,100 shares, a lower of 18.9% from the August fifteenth whole of 250,500 shares. Based mostly on a mean buying and selling quantity of 79,400 shares, the days-to-cover ratio is at present 2.6 days. Roughly 1.1% of the shares of the inventory are quick offered.
Institutional Inflows and Outflows
A number of hedge funds have lately modified their holdings of the inventory. M&G Funding Administration Ltd. raised its place in shares of AMERISAFE by 0.9% in the course of the 2nd quarter. M&G Funding Administration Ltd. now owns 419,269 shares of the insurance coverage supplier’s inventory value $21,802,000 after buying a further 3,879 shares over the past quarter. Goldman Sachs Group Inc. raised its holdings in AMERISAFE by 27.8% within the 2nd quarter. Goldman Sachs Group Inc. now owns 679,183 shares of the insurance coverage supplier’s inventory valued at $35,325,000 after buying a further 147,618 shares over the past quarter. Macquarie Group Ltd. raised its holdings in AMERISAFE by 434.3% within the 2nd quarter. Macquarie Group Ltd. now owns 4,435 shares of the insurance coverage supplier’s inventory valued at $230,000 after buying a further 3,605 shares over the past quarter. Captrust Monetary Advisors raised its holdings in AMERISAFE by 72.7% within the 2nd quarter. Captrust Monetary Advisors now owns 4,612 shares of the insurance coverage supplier’s inventory valued at $240,000 after buying a further 1,941 shares over the past quarter. Lastly, Thrivent Monetary for Lutherans raised its holdings in AMERISAFE by 20.4% within the 2nd quarter. Thrivent Monetary for Lutherans now owns 18,982 shares of the insurance coverage supplier’s inventory valued at $987,000 after buying a further 3,218 shares over the past quarter. Institutional buyers and hedge funds personal 98.73% of the corporate’s inventory.
AMERISAFE Inventory Up 0.6 %
Shares of AMSF inventory traded up $0.27 throughout mid-day buying and selling on Friday, hitting $47.50. 187,402 shares of the inventory had been exchanged, in comparison with its common quantity of 72,032. The agency has a fifty day transferring common of $48.21 and a 200 day transferring common of $48.58. AMERISAFE has a 52-week low of $44.06 and a 52-week excessive of $64.90. The corporate has a market cap of $915.80 million, a PE ratio of 19.96 and a beta of 0.25.
AMERISAFE (NASDAQ:AMSF – Get Ranking) final posted its earnings outcomes on Thursday, July twenty eighth. The insurance coverage supplier reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. AMERISAFE had a web margin of 15.64% and a return on fairness of 11.76%. Throughout the identical quarter final 12 months, the corporate posted $1.04 EPS. Equities analysts predict that AMERISAFE will publish 2.68 EPS for the present 12 months.
AMERISAFE Pronounces Dividend
The enterprise additionally lately declared a quarterly dividend, which will probably be paid on Friday, September twenty third. Buyers of report on Friday, September ninth will probably be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September eighth. This represents a $1.24 annualized dividend and a dividend yield of two.61%. AMERISAFE’s dividend payout ratio (DPR) is presently 52.10%.
About AMERISAFE
(Get Ranking)
AMERISAFE, Inc, an insurance coverage holding firm, underwrites employees’ compensation insurance coverage in the US. The corporate’s employees’ compensation insurance coverage insurance policies present advantages to injured staff for non permanent or everlasting incapacity, loss of life, and medical and hospital bills. It serves small to mid-sized employers engaged in hazardous industries, together with development, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.
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