EntryPoint Capital LLC Purchases 376 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

EntryPoint Capital LLC grew its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 22.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,082 shares of the insurance provider’s stock after acquiring an additional 376 shares during the period. EntryPoint Capital LLC’s holdings in AMERISAFE were worth $104,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of AMERISAFE in the 1st quarter valued at $154,000. PNC Financial Services Group Inc. increased its holdings in AMERISAFE by 26.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 828 shares during the period. Values First Advisors Inc. increased its holdings in AMERISAFE by 16.8% in the fourth 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 during the period. MeadowBrook Investment Advisors LLC acquired a new stake in AMERISAFE in the fourth quarter valued at $232,000. Finally, Handelsbanken Fonder AB increased its holdings in AMERISAFE by 24.1% in the fourth quarter. Handelsbanken Fonder AB now owns 5,658 shares of the insurance provider’s stock valued at $265,000 after purchasing an additional 1,100 shares during the period. 97.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMSF. JMP Securities restated a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a report on Monday, April 15th. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th.

AMERISAFE Trading Up 2.3 %

Shares of AMERISAFE stock opened at $50.62 on Friday. The company has a market cap of $968.87 million, a P/E ratio of 15.77 and a beta of 0.33. The business has a 50-day moving average price of $44.53 and a two-hundred day moving average price of $47.49. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $56.54.

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

Insiders Place Their Bets

In other AMERISAFE news, Director Michael J. Brown purchased 1,000 shares of the stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of $43.52 per share, with a total value of $43,520.00. Following the completion of the purchase, the director now directly owns 10,055 shares of the company’s stock, valued at approximately $437,593.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.45% of the stock is currently owned by insiders.

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.