Champlain Investment Partners LLC Sells 46,033 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Champlain Investment Partners LLC reduced its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 916,273 shares of the insurance provider’s stock after selling 46,033 shares during the period. Champlain Investment Partners LLC owned approximately 4.81% of AMERISAFE worth $44,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of AMERISAFE during the third quarter worth $28,000. Quarry LP raised its stake in AMERISAFE by 1,028.4% in the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 689 shares in the last quarter. Isthmus Partners LLC boosted its holdings in AMERISAFE by 14.4% in the 2nd 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. GAMMA Investing LLC grew its position in shares of AMERISAFE by 97.1% during the 3rd quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 405 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of AMERISAFE during the second quarter worth approximately $100,000. 97.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AMSF. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Truist Financial upped their target price on AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th.

AMERISAFE Trading Up 1.1 %

NASDAQ AMSF opened at $58.69 on Friday. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.34 and a beta of 0.33. The firm’s 50 day simple moving average is $52.62 and its 200 day simple moving average is $48.36.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $78.70 million during the quarter, compared to analysts’ expectations of $75.38 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. During the same quarter in the previous year, the firm earned $0.61 EPS. On average, equities research analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be paid a $3.37 dividend. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, December 6th. This represents a $13.48 annualized dividend and a yield of 22.97%. AMERISAFE’s dividend payout ratio is presently 46.25%.

About AMERISAFE

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.