Cortina Asset Management LLC Has $18.06 Million Holdings in AMERISAFE, Inc. (AMSF)

Cortina Asset Management LLC decreased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 310,235 shares of the insurance provider’s stock after selling 2,537 shares during the quarter. Cortina Asset Management LLC owned about 1.61% of AMERISAFE worth $18,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Flinton Capital Management LLC increased its holdings in shares of AMERISAFE by 53.7% in the second quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 748 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of AMERISAFE by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after purchasing an additional 26 shares during the period. US Bancorp DE increased its holdings in shares of AMERISAFE by 1.2% in the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 30 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of AMERISAFE by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 3,799 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 1,679 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of AMERISAFE in the third quarter worth $227,000. 98.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMERISAFE, Inc. (AMSF) traded down $0.05 during trading hours on Tuesday, reaching $64.35. 69,400 shares of the company traded hands, compared to its average volume of 88,603. AMERISAFE, Inc. has a one year low of $51.20 and a one year high of $69.40. The stock has a market capitalization of $1,239.31, a price-to-earnings ratio of 18.72 and a beta of 0.89.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The company had revenue of $92.90 million during the quarter, compared to analyst estimates of $92.04 million. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. equities research analysts predict that AMERISAFE, Inc. will post 3.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.20 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.80 annualized dividend and a yield of 1.24%. AMERISAFE’s dividend payout ratio (DPR) is presently 23.81%.

In other AMERISAFE news, CFO Neal Andrew Fuller sold 1,850 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $56.94, for a total transaction of $105,339.00. Following the completion of the sale, the chief financial officer now directly owns 23,210 shares in the company, valued at $1,321,577.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO G. Janelle Frost sold 1,728 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the sale, the chief executive officer now owns 54,322 shares of the company’s stock, valued at $3,625,450.28. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Several research firms have recently weighed in on AMSF. Zacks Investment Research raised shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Friday, September 1st. FBR & Co reiterated a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of AMERISAFE in a research report on Monday, November 6th. Boenning Scattergood began coverage on shares of AMERISAFE in a research report on Monday, September 25th. They issued a “neutral” rating for the company. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $69.00 target price on shares of AMERISAFE in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.00.

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About AMERISAFE

Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.

Institutional Ownership by Quarter for AMERISAFE (NASDAQ:AMSF)

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