AMERISAFE, Inc. $AMSF Stock Acquired by Isthmus Partners LLC

Isthmus Partners LLC lifted its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 28.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,969 shares of the insurance provider’s stock after buying an additional 30,083 shares during the quarter. Isthmus Partners LLC’s holdings in AMERISAFE were worth $3,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC acquired a new stake in AMERISAFE in the 3rd quarter valued at about $431,000. Versant Capital Management Inc raised its stake in shares of AMERISAFE by 978.4% in the third quarter. Versant Capital Management Inc now owns 1,650 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 1,497 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of AMERISAFE in the second quarter worth about $411,000. Integrated Wealth Concepts LLC bought a new position in shares of AMERISAFE in the second quarter worth about $50,000. Finally, Squarepoint Ops LLC lifted its position in shares of AMERISAFE by 56.2% during the second quarter. Squarepoint Ops LLC now owns 27,654 shares of the insurance provider’s stock worth $936,000 after purchasing an additional 9,949 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

AMSF has been the topic of several research analyst reports. Zacks Research raised shares of AMERISAFE from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Citizens Jmp dropped their price objective on shares of AMERISAFE from $42.00 to $40.00 and set a “market outperform” rating for the company in a research report on Monday, October 12th. Weiss Ratings downgraded AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Truist Financial decreased their price objective on AMERISAFE from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Finally, Morgan Stanley set a $40.00 price objective on AMERISAFE in a research report on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AMERISAFE presently has a consensus rating of “Hold” and an average target price of $35.67.

AMERISAFE Trading Up 4.2%

Shares of NASDAQ:AMSF opened at $26.58 on Friday. The stock has a market capitalization of $492.79 million, a P/E ratio of 12.76 and a beta of 0.24. AMERISAFE, Inc. has a 1-year low of $23.20 and a 1-year high of $42.12. The business has a 50-day moving average price of $25.12 and a two-hundred day moving average price of $29.38.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The business 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, equities analysts predict that AMERISAFE, Inc. will post 1.95 EPS for the current year.

About AMERISAFE

AMERISAFE, Inc is a specialty workers’ compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers’ compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.