Accelerant Holdings (NYSE:ARX – Get Free Report) Director Nancy Hasley sold 20,489 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $19.56, for a total transaction of $400,764.84. Following the sale, the director owned 1,341,834 shares of the company’s stock, valued at approximately $26,246,273.04. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nancy Hasley also recently made the following trade(s):
- On Tuesday, June 23rd, Nancy Hasley sold 35,000 shares of Accelerant stock. The stock was sold at an average price of $13.11, for a total transaction of $458,850.00.
Accelerant Price Performance
ARX stock opened at $19.59 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.27 billion and a price-to-earnings ratio of -2.95. The company’s fifty day simple moving average is $13.36 and its 200 day simple moving average is $13.19. Accelerant Holdings has a 12-month low of $9.18 and a 12-month high of $30.48.
Analysts Set New Price Targets
Several brokerages have issued reports on ARX. Royal Bank Of Canada lowered Accelerant from a “moderate buy” rating to a “hold” rating and set a $20.25 price target on the stock. in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Accelerant from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Morgan Stanley lowered their price objective on shares of Accelerant from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. Citizens Jmp lowered shares of Accelerant from a “market outperform” rating to a “hold” rating in a research note on Friday. Finally, Raymond James Financial boosted their target price on shares of Accelerant from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.95.
Get Our Latest Stock Report on Accelerant
Accelerant News Roundup
Here are the key news stories impacting Accelerant this week:
- Positive Sentiment: Thoma Bravo’s proposed acquisition would take Accelerant Holdings private and provides shareholders with a defined cash exit at $20.25 per share. The deal triggered a sharp prior-session rally and substantially reset the stock’s valuation. Reuters article on Thoma Bravo acquisition
- Positive Sentiment: Accelerant’s second-quarter results exceeded expectations, with earnings of $0.32 per share versus the $0.16 consensus estimate and revenue of $356.9 million. Strong premium growth, higher fee revenue and stronger Exchange Services supported the beat. Zacks Accelerant earnings article
- Neutral Sentiment: Citizens JMP reaffirmed a “market perform” rating, while William Blair downgraded ARX from “outperform” to “hold.” With the stock near the $20.25 offer, analyst targets and ratings have less influence than merger-completion expectations.
- Negative Sentiment: Several law firms, including Kahn Swick & Foti, Ademi and Halper Sadeh, are investigating whether the buyout price and sale process are fair to public shareholders. These announcements could increase litigation or deal-execution risk, although they do not necessarily indicate that the transaction will be blocked. Kahn Swick & Foti investigation
- Negative Sentiment: Director Nancy Hasley sold 20,489 shares worth approximately $400,765. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced her holdings by only 1.5%, making it a modest negative signal rather than a fundamental change in insider positioning. SEC insider transaction filing
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of ARX. Envestnet Asset Management Inc. bought a new position in shares of Accelerant in the third quarter valued at $165,000. PNC Financial Services Group Inc. bought a new position in Accelerant in the 3rd quarter valued at about $42,000. Vanguard Group Inc. bought a new position in shares of Accelerant in the third quarter valued at approximately $33,482,000. Jefferies Financial Group Inc. bought a new position in shares of Accelerant in the third quarter valued at approximately $149,000. Finally, Legal & General Group Plc purchased a new position in shares of Accelerant during the third quarter valued at approximately $149,000.
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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