Champlain Investment Partners LLC Purchases 97,280 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Champlain Investment Partners LLC lifted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 12.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 855,916 shares of the insurance provider’s stock after purchasing an additional 97,280 shares during the period. Champlain Investment Partners LLC owned 4.47% of AMERISAFE worth $42,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in AMERISAFE during the 1st quarter worth $154,000. PNC Financial Services Group Inc. increased its stake in AMERISAFE by 26.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider’s stock worth $182,000 after acquiring an additional 828 shares during the period. Values First Advisors Inc. boosted its holdings in shares of AMERISAFE by 16.8% in the 4th quarter. Values First Advisors Inc. now owns 4,782 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 689 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in shares of AMERISAFE in the 4th quarter valued at $232,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of AMERISAFE by 209.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,508 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 3,730 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

Insider Transactions at AMERISAFE

In other AMERISAFE news, Director Michael J. Brown acquired 1,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $43.52 per share, with a total value of $43,520.00. Following the transaction, the director now owns 10,055 shares in the company, valued at approximately $437,593.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.45% of the company’s stock.

AMERISAFE Stock Up 1.3 %

AMSF traded up $0.64 during midday trading on Tuesday, hitting $48.48. 60,177 shares of the company were exchanged, compared to its average volume of 129,813. The firm has a market capitalization of $927.91 million, a P/E ratio of 15.02 and a beta of 0.33. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $56.54. The firm’s 50 day moving average price is $44.31 and its 200-day moving average price is $47.43.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Thursday, April 25th. The insurance provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. AMERISAFE had a return on equity of 16.76% and a net margin of 19.97%. The firm had revenue of $80.49 million for the quarter, compared to the consensus estimate of $75.22 million. During the same period in the previous year, the business earned $0.83 EPS. On average, sell-side analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMSF shares. JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of AMERISAFE in a report on Monday, April 15th. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th.

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.