Victory Capital Amends AMERISAFE Stake, Holds 1.4M Shares

TL;DR

**Victory Capital still owns 1.4M shares of AMERISAFE as of Dec 31, 2023.**

AI Summary

Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, disclosing its ownership in AMERISAFE INC. As of December 31, 2023, Victory Capital Management Inc. beneficially owned 1,402,045 shares of AMERISAFE INC. common stock, representing a significant institutional stake. This matters to investors because large institutional holdings can signal confidence in the company's future, but any future changes in this position could impact stock price.

Why It Matters

This filing shows a major institutional investor's updated position in AMERISAFE INC., which can influence market perception and liquidity for the stock.

Risk Assessment

Risk Level: low — This filing is an update to an existing stake, not a new position or a significant divestment, indicating stability.

Analyst Insight

Investors should note Victory Capital's continued significant, though slightly adjusted, stake in AMERISAFE INC. and monitor future filings for any substantial changes, as large institutional movements can signal shifts in sentiment or strategy.

Key Numbers

• 1,402,045 — shares beneficially owned (total shares of AMERISAFE INC. held by Victory Capital Management Inc. as of December 31, 2023)
• 1,394,840 — shares with sole voting power (shares over which Victory Capital Management Inc. has sole voting control)
• 0 — shares with shared voting power (shares over which Victory Capital Management Inc. has no shared voting control)
• 0 — shares with shared dispositive power (shares over which Victory Capital Management Inc. has no shared dispositive control)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person and institutional investor
• AMERISAFE INC. (company) — the subject company whose shares are being reported
• New York (company) — place of organization for Victory Capital Management Inc.
• December 31, 2023 (date) — the date of the event requiring the filing
• February 6, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Victory Capital Management Inc. will maintain a significant stake in AMERISAFE INC. for the foreseeable future. (Victory Capital Management Inc.) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• amerisafe13ga5_123123.htm (SC 13G/A) — 41KB
• 0001040188-24-000007.txt ( ) — 43KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,402,045 (b) Percent of class: 7.31% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,394,840 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,402,045 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class with the exception of the Victory Sycamore Small Cap Opportunity Fund which holds 5.37%.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 03071H100 13G Page 4 of 4 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/6/2024 Date /s/ Barry Garrett Signature Barry Garrett/ Chief Compliance Officer Name/Title

View Full Filing

View this SC 13G/A filing on SEC EDGAR