Dana Investment Advisors Inc. Sells 4,943 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Dana Investment Advisors Inc. lowered its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 5.5% in the 4th quarter, HoldingsChannel reports. The firm owned 84,668 shares of the insurance provider’s stock after selling 4,943 shares during the quarter. Dana Investment Advisors Inc.’s holdings in AMERISAFE were worth $4,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMSF. M&G PLC raised its holdings in shares of AMERISAFE by 1.9% during the 3rd quarter. M&G PLC now owns 461,070 shares of the insurance provider’s stock valued at $22,131,000 after buying an additional 8,378 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of AMERISAFE during the third quarter worth approximately $2,107,000. Thrivent Financial for Lutherans lifted its holdings in shares of AMERISAFE by 75.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,904 shares of the insurance provider’s stock worth $1,348,000 after acquiring an additional 12,027 shares during the last quarter. Quest Partners LLC boosted its stake in shares of AMERISAFE by 14.4% in the 3rd quarter. Quest Partners LLC now owns 17,178 shares of the insurance provider’s stock valued at $830,000 after purchasing an additional 2,161 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of AMERISAFE by 12.6% during the 3rd quarter. Intech Investment Management LLC now owns 15,167 shares of the insurance provider’s stock valued at $733,000 after purchasing an additional 1,698 shares during the last quarter. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

AMERISAFE Stock Up 0.2 %

Shares of NASDAQ:AMSF opened at $50.93 on Friday. The stock has a market cap of $970.22 million, a PE ratio of 15.92 and a beta of 0.35. The company’s fifty day moving average is $50.48 and its 200 day moving average is $51.77. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $60.24.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The firm had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million. Sell-side analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.39 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.06%. AMERISAFE’s payout ratio is currently 53.98%.

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.