Ieq Capital LLC Makes New $1.04 Million Investment in AMERISAFE, Inc. $AMSF

Ieq Capital LLC bought a new stake in AMERISAFE, Inc. (NASDAQ:AMSF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,887 shares of the insurance provider’s stock, valued at approximately $1,045,000. Ieq Capital LLC owned approximately 0.17% of AMERISAFE as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP acquired a new position in shares of AMERISAFE during the 2nd quarter valued at about $38,000. Vise Technologies Inc. acquired a new stake in AMERISAFE during the second quarter worth about $351,000. BlackRock Inc. purchased a new position in AMERISAFE during the second quarter worth about $122,167,000. Deutsche Bank AG purchased a new position in AMERISAFE during the second quarter worth about $676,000. Finally, Perigon Wealth Management LLC acquired a new position in AMERISAFE in the 2nd quarter valued at about $694,000. 97.41% of the stock is owned by institutional investors and hedge funds.

AMERISAFE Price Performance

NASDAQ AMSF opened at $26.29 on Thursday. The stock has a market capitalization of $487.42 million, a P/E ratio of 10.60 and a beta of 0.24. The firm’s 50-day moving average is $30.93 and its two-hundred day moving average is $32.26. AMERISAFE, Inc. has a 12 month low of $25.65 and a 12 month high of $47.86.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The company had revenue of $91.97 million for the quarter, compared to analyst estimates of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. As a group, analysts anticipate that AMERISAFE, Inc. will post 1.97 EPS for the current year.

AMERISAFE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, September 11th. AMERISAFE’s dividend payout ratio (DPR) is 66.13%.

Wall Street Analyst Weigh In

AMSF has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Zacks Research cut AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Wall Street Zen upgraded AMERISAFE from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Truist Financial cut their target price on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.