Accelerant Holdings (NYSE:ARX – Get Free Report) insider Francis James Oneill sold 63,616 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.07, for a total value of $767,845.12. Following the completion of the sale, the insider owned 6,458,509 shares of the company’s stock, valued at $77,954,203.63. The trade was a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Francis James Oneill also recently made the following trade(s):
- On Tuesday, August 11th, Francis James Oneill sold 89,219 shares of Accelerant stock. The shares were sold at an average price of $12.41, for a total transaction of $1,107,207.79.
- On Tuesday, July 28th, Francis James Oneill sold 104,647 shares of Accelerant stock. The stock was sold at an average price of $14.56, for a total transaction of $1,523,660.32.
- On Monday, July 27th, Francis James Oneill sold 110,467 shares of Accelerant stock. The stock was sold at an average price of $14.63, for a total transaction of $1,616,132.21.
- On Thursday, June 25th, Francis James Oneill sold 73,500 shares of Accelerant stock. The stock was sold at an average price of $13.06, for a total transaction of $959,910.00.
- On Tuesday, June 23rd, Francis James Oneill sold 76,464 shares of Accelerant stock. The shares were sold at an average price of $13.11, for a total transaction of $1,002,443.04.
- On Monday, June 22nd, Francis James Oneill sold 70,536 shares of Accelerant stock. The shares were sold at an average price of $13.21, for a total transaction of $931,780.56.
Accelerant Price Performance
ARX stock opened at $19.50 on Friday. The firm has a market cap of $4.26 billion and a P/E ratio of -2.80. The firm’s fifty day moving average is $13.27 and its 200 day moving average is $13.15. Accelerant Holdings has a 52 week low of $9.18 and a 52 week high of $30.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.61 and a current ratio of 1.61.
Hedge Funds Weigh In On Accelerant
Several hedge funds and other institutional investors have recently modified their holdings of the company. Militia Capital Management LLC purchased a new stake in shares of Accelerant during the first quarter worth about $2,004,000. Renaissance Technologies LLC increased its holdings in Accelerant by 280.5% during the 1st quarter. Renaissance Technologies LLC now owns 276,600 shares of the technology company’s stock valued at $3,695,000 after purchasing an additional 203,900 shares during the period. UBS Group AG increased its holdings in Accelerant by 331.9% during the 4th quarter. UBS Group AG now owns 535,637 shares of the technology company’s stock valued at $8,758,000 after purchasing an additional 411,612 shares during the period. Tudor Investment Corp ET AL bought a new position in Accelerant during the 3rd quarter valued at approximately $1,075,000. Finally, Jefferies Financial Group Inc. raised its position in Accelerant by 349.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 44,980 shares of the technology company’s stock valued at $735,000 after purchasing an additional 34,980 shares during the last quarter.
Accelerant News Summary
Here are the key news stories impacting Accelerant this week:
- Positive Sentiment: Thoma Bravo agreed to acquire Accelerant Holdings in a transaction valued at more than $4 billion, with the company expected to become privately held. The offer provides a clear near-term valuation reference and potentially limits downside toward the $20.25-per-share consideration, subject to shareholder and regulatory approvals. Reuters article on Thoma Bravo acquisition
- Positive Sentiment: Accelerant’s second-quarter earnings beat expectations: adjusted EPS was $0.32 versus the $0.16 consensus estimate, while revenue reached $356.9 million. Results were supported by strong premium growth, higher fee revenue and stronger Exchange Services activity; EPS also improved from $0.14 a year earlier. Accelerant second-quarter earnings beat
- Neutral Sentiment: William Blair downgraded ARX from “outperform” to “market perform.” The change may reflect limited upside after the stock’s move toward Thoma Bravo’s offer price rather than a deterioration in the company’s operating results. William Blair rating change
- Negative Sentiment: Several law firms, including Halper Sadeh, Ademi and Julie & Holleman, are investigating whether public shareholders will receive a fair price and whether potential conflicts involving controlling shareholder Altamont Capital Partners affected the transaction. These inquiries could create deal uncertainty or delay completion. Ademi shareholder investigation
- Negative Sentiment: CEO Jeffrey Radke and insider Francis James O’Neill recently sold shares under pre-arranged Rule 10b5-1 plans. Both retain substantial holdings, but the sales may add a modest negative signal alongside concerns about the transaction’s fairness. Accelerant insider selling
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on ARX shares. William Blair lowered Accelerant from an “outperform” rating to a “market perform” rating in a research note on Thursday. Citigroup lowered Accelerant from an “outperform” rating to a “market perform” rating in a research report on Thursday. Wells Fargo & Company decreased their price target on Accelerant from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. UBS Group set a $16.00 price objective on Accelerant in a research report on Thursday, May 21st. Finally, Morgan Stanley dropped their price objective on Accelerant from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.73.
Check Out Our Latest Stock Analysis on ARX
Accelerant Company Profile
Aeroflex Holding Corp. (Aeroflex Holding) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems. The Company’s solutions include microelectronic components and test and measurement equipment used by companies in the space, avionics and defense; commercial wireless communications, and medical and other markets. Its products include a range of RF, microwave and millimeter wave microelectronic components, integrated circuits (ICs), and analog and mixed-signal devices.
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