Brian Balbirnie Buys 10,000 Shares of ACCESS Newswire (NYSEAMERICAN:ACCS) Stock

ACCESS Newswire Inc. (NYSEAMERICAN:ACCSGet Free Report) CEO Brian Balbirnie purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $4.95 per share, with a total value of $49,500.00. Following the completion of the acquisition, the chief executive officer directly owned 644,667 shares of the company’s stock, valued at $3,191,101.65. This represents a 1.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

ACCESS Newswire Price Performance

Shares of NYSEAMERICAN:ACCS opened at $4.94 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The company has a market cap of $18.92 million, a P/E ratio of -11.23 and a beta of 0.40. ACCESS Newswire Inc. has a 52 week low of $4.74 and a 52 week high of $11.38. The company has a 50-day moving average price of $6.46 and a 200 day moving average price of $7.11.

ACCESS Newswire (NYSEAMERICAN:ACCSGet Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $5.62 million for the quarter. ACCESS Newswire had a positive return on equity of 4.88% and a negative net margin of 7.63%. Research analysts predict that ACCESS Newswire Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On ACCESS Newswire

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. DRW Securities LLC purchased a new stake in shares of ACCESS Newswire during the 4th quarter worth approximately $117,000. Bridgeway Capital Management LLC purchased a new stake in ACCESS Newswire during the second quarter worth $163,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in ACCESS Newswire in the fourth quarter valued at $140,000. Geode Capital Management LLC acquired a new stake in ACCESS Newswire in the second quarter valued at $362,000. Finally, Punch & Associates Investment Management Inc. increased its position in shares of ACCESS Newswire by 7.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 138,260 shares of the company’s stock valued at $1,484,000 after buying an additional 9,960 shares in the last quarter. 50.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital cut their price objective on ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $12.00.

Get Our Latest Stock Analysis on ACCESS Newswire

ACCESS Newswire Company Profile

(Get Free Report)

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.

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