New South Capital Management Inc. Has $9.64 Million Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

New South Capital Management Inc. decreased its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,105 shares of the insurance provider’s stock after selling 13,868 shares during the quarter. New South Capital Management Inc. owned about 0.98% of AMERISAFE worth $9,643,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its position in AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after buying an additional 381 shares in the last quarter. Values First Advisors Inc. grew its position in AMERISAFE by 8.2% during the fourth quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock worth $276,000 after buying an additional 404 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in AMERISAFE by 4.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider’s stock worth $562,000 after buying an additional 428 shares in the last quarter. GAMMA Investing LLC grew its position in AMERISAFE by 63.4% during the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock worth $69,000 after buying an additional 521 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in AMERISAFE by 3.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 19,008 shares of the insurance provider’s stock worth $919,000 after buying an additional 645 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Price Performance

Shares of NASDAQ:AMSF opened at $50.81 on Thursday. The company has a market capitalization of $967.93 million, a P/E ratio of 15.88 and a beta of 0.35. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24. The business’s 50 day simple moving average is $50.51 and its 200 day simple moving average is $51.78.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The business had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million. On average, sell-side analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, March 7th. AMERISAFE’s payout ratio is presently 53.98%.

AMERISAFE 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.