Insider Buying: ACCESS Newswire (NYSEAMERICAN:ACCS) CEO Acquires $11,725.00 in Stock

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie acquired 1,750 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of $6.70 per share, for a total transaction of $11,725.00. Following the transaction, the chief executive officer owned 634,667 shares of the company’s stock, valued at $4,252,268.90. This represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ACCESS Newswire Price Performance

ACCS opened at $6.84 on Friday. The firm has a market capitalization of $26.54 million, a PE ratio of -15.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50-day moving average is $6.95 and its two-hundred day moving average is $7.83. ACCESS Newswire Inc. has a 1 year low of $5.80 and a 1 year high of $13.10.

ACCESS Newswire (NYSEAMERICAN:ACCS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter. ACCESS Newswire had a negative net margin of 7.60% and a positive return on equity of 5.57%. The business had revenue of $5.33 million for the quarter. Research analysts anticipate that ACCESS Newswire Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ACCESS Newswire

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACCS. DRW Securities LLC purchased a new stake in shares of ACCESS Newswire during the fourth quarter worth about $117,000. Bridgeway Capital Management LLC purchased a new position in shares of ACCESS Newswire in the 2nd quarter valued at approximately $163,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of ACCESS Newswire in the 4th quarter valued at approximately $140,000. Mink Brook Asset Management LLC acquired a new stake in ACCESS Newswire in the 3rd quarter worth approximately $219,000. Finally, Geode Capital Management LLC acquired a new stake in ACCESS Newswire in the 2nd quarter worth approximately $362,000. 50.02% of the stock is currently owned by hedge funds and other institutional investors.

ACCESS Newswire Company Profile

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.