Wespac Advisors Lowers stake in Amerisafe (AMSF)

Amerisafe (AMSF) : Wespac Advisors reduced its stake in Amerisafe by 1.41% during the most recent quarter end. The investment management company now holds a total of 32,607 shares of Amerisafe which is valued at $1,756,865 after selling 466 shares in Amerisafe , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Amerisafe makes up approximately 2.18% of Wespac Advisors’s portfolio.

Amerisafe opened for trading at $54.16 and hit $54.45 on the upside on Monday, eventually ending the session at $54.08, with a gain of 0.37% or 0.2 points. The heightened volatility saw the trading volume jump to 1,99,338 shares. Company has a market cap of $1,037 M.

Other Hedge Funds, Including , Jfs Wealth Advisors sold out all of its stake in AMSF during the most recent quarter. The investment firm sold 100 shares of AMSF which is valued $5,388.Gw&k Investment Management reduced its stake in AMSF by selling 6,904 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 593,908 shares of AMSF which is valued at $30,877,277. Amerisafe makes up approx 0.68% of Gw&k Investment Management’s portfolio.Capstone Asset Management Co reduced its stake in AMSF by selling 160 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 7,016 shares of AMSF which is valued at $365,253. Amerisafe makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Central Trust Co boosted its stake in AMSF in the latest quarter, The investment management firm added 271 additional shares and now holds a total of 1,149 shares of Amerisafe which is valued at $59,817.

On the company’s financial health, Amerisafe reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.46 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.81. The company had revenue of $100.38 million for the quarter, compared to analysts expectations of $99.78 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

AMERISAFE Inc. (AMERISAFE) is an insurance holding company. The Company is a provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries including construction trucking manufacturing oil and gas and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries. The Company provides coverage to employers under state and federal workers’ compensation laws. The Company’s workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability death and medical and hospital expenses. The Company is licensed to provide workers’ compensation insurance in 47 states the District of Columbia and the United States Virgin Islands. The Company sells its workers’ compensation insurance through agencies and also through its wholly owned insurance agency subsidiary Amerisafe General Agency which is licensed in 27 states.

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