AMERISAFE, Inc. (NASDAQ:AMSF) Short Interest Down 21.3% in January

AMERISAFE, Inc. (NASDAQ:AMSF) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 199,300 shares, a decrease of 21.3% from the December 31st total of 253,200 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 110,800 shares, the days-to-cover ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

AMSF has been the subject of a number of research reports. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of AMERISAFE in a research note on Tuesday, October 15th. Truist Financial increased their target price on AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th.

AMERISAFE Stock Down 1.1 %

Shares of AMSF opened at $49.95 on Friday. The stock has a market capitalization of $951.55 million, a P/E ratio of 15.61 and a beta of 0.35. AMERISAFE has a twelve month low of $41.97 and a twelve month high of $60.24. The company has a 50 day moving average of $53.11 and a 200-day moving average of $51.31.

Hedge Funds Weigh In On AMERISAFE

Several hedge funds have recently made changes to their positions in AMSF. Kathleen S. Wright Associates Inc. acquired a new stake in shares of AMERISAFE in the 3rd quarter valued at approximately $28,000. Quarry LP lifted its holdings in AMERISAFE by 1,028.4% during the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 689 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of AMERISAFE by 97.1% during the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock worth $40,000 after buying an additional 405 shares in the last quarter. R Squared Ltd acquired a new stake in shares of AMERISAFE during the fourth quarter worth $99,000. Finally, Virtu Financial LLC acquired a new stake in shares of AMERISAFE during the third quarter worth $200,000. 97.41% of the stock is owned by institutional investors.

AMERISAFE Company Profile

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.