2 weeks Ago By ABMN Staff
AMERISAFE, Inc. ( NASDAQ:AMSF – Get Free Report ) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 218,400 shares, a growth of 26.
5% from the August 31st total of 172,700 shares. Approximately 1.2% of the shares of the company are sold short.
Based on an average daily volume of 113,200 shares, the short-interest ratio is presently 1.9 days. AMERISAFE Price Performance Shares of NASDAQ:AMSF opened at $48.
32 on Friday. AMERISAFE has a 1-year low of $41.97 and a 1-year high of $54.
80. The stock has a market cap of $924.60 million, a P/E ratio of 15.
05 and a beta of 0.34. The firm has a fifty day moving average price of $48.
27 and a 200 day moving average price of $47.07. AMERISAFE ( NASDAQ:AMSF – Get Free Report ) last announced its earnings results on Monday, July 29th.
The insurance provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.
03). The business had revenue of $75.83 million for the quarter, compared to analyst estimates of $74.
20 million. AMERISAFE had a return on equity of 16.38% and a net margin of 18.
46%. During the same quarter last year, the company posted $0.73 EPS.
Sell-side analysts expect that AMERISAFE will post 2.4 EPS for the current fiscal year. AMERISAFE Announces Dividend Institutional Inflows and Outflows Institutional investors have recently modified their holdings of the stock.
Quarry LP grew its position in AMERISAFE by 1,028.4% in the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after buying an additional 689 shares during the last quarter.
Isthmus Partners LLC lifted its position in AMERISAFE by 14.4% in the second quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 9,672 shares during the period.
Point72 DIFC Ltd purchased a new stake in AMERISAFE in the 2nd quarter valued at approximately $100,000. EntryPoint Capital LLC increased its position in AMERISAFE by 22.0% during the 1st quarter.
EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 376 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of AMERISAFE during the 1st quarter worth approximately $154,000. Institutional investors and hedge funds own 97.
41% of the company’s stock. Analyst Upgrades and Downgrades Several analysts have recently weighed in on AMSF shares. JMP Securities reissued a “market outperform” rating and issued a $65.
00 target price on shares of AMERISAFE in a report on Tuesday, July 30th. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.
Read Our Latest Analysis on AMERISAFE AMERISAFE Company Profile ( Get Free Report ) 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.
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