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

AMERISAFE, Inc. (NASDAQ:AMSF) was the recipient of a large decrease in short interest during the month of 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. Based on an average daily volume of 110,800 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.1% of the shares of the company are short sold.

AMERISAFE Stock Up 0.1 %

NASDAQ:AMSF traded up $0.07 during midday trading on Friday, reaching $50.02. The stock had a trading volume of 76,276 shares, compared to its average volume of 63,176. The stock has a market cap of $952.88 million, a P/E ratio of 15.63 and a beta of 0.35. The firm has a fifty day simple moving average of $52.95 and a two-hundred day simple moving average of $51.31. AMERISAFE has a 12-month low of $41.97 and a 12-month high of $60.24.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial raised their price objective on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a report on Tuesday, October 15th.

Hedge Funds Weigh In On AMERISAFE

A number of large investors have recently modified their holdings of AMSF. Kathleen S. Wright Associates Inc. purchased a new position in AMERISAFE in the third quarter worth $28,000. Quarry LP grew its stake in shares of AMERISAFE by 1,028.4% during the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 689 shares during the period. GAMMA Investing LLC increased its holdings in shares of AMERISAFE by 97.1% in the 3rd quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 405 shares in the last quarter. R Squared Ltd acquired a new stake in shares of AMERISAFE in the fourth quarter valued at about $99,000. Finally, Virtu Financial LLC purchased a new stake in AMERISAFE during the third quarter worth about $200,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

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.