AMERISAFE, Inc. (NASDAQ:AMSF) Short Interest Down 21.3% in January

AMERISAFE, Inc. (NASDAQ:AMSF) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 199,300 shares, a decline of 21.3% from the December 31st total of 253,200 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 110,800 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On AMERISAFE

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. bought a new stake in shares of AMERISAFE in the 3rd quarter worth about $28,000. Quarry LP lifted its position in AMERISAFE by 1,028.4% during the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 689 shares during the period. GAMMA Investing LLC lifted its position in AMERISAFE by 97.1% during the 3rd 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. R Squared Ltd acquired a new position in AMERISAFE during the 4th quarter valued at about $99,000. Finally, Virtu Financial LLC acquired a new stake in shares of AMERISAFE in the 3rd quarter valued at approximately $200,000. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Price Performance

Shares of AMERISAFE stock opened at $49.95 on Friday. The firm has a market capitalization of $951.55 million, a PE ratio of 15.61 and a beta of 0.35. The company’s fifty day moving average price is $53.11 and its two-hundred day moving average price is $51.31. AMERISAFE has a 52-week low of $41.97 and a 52-week high of $60.24.

Wall Street Analysts Forecast Growth

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

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.