Accelerant (NYSE:ARX) Insider Sells $767,845.12 in Stock

Accelerant Holdings (NYSE:ARX) insider Francis James Oneill sold 63,616 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.07, for a total transaction of $767,845.12. Following the transaction, the insider owned 6,458,509 shares in the company, valued at approximately $77,954,203.63. The trade was a 0.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 shares were 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 value of $1,616,132.21.
• On Thursday, June 25th, Francis James Oneill sold 73,500 shares of Accelerant stock. The shares were sold at an average price of $13.06, for a total value 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 value 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 value of $931,780.56.

Accelerant Price Performance

Shares of ARX stock opened at $19.59 on Friday. The stock has a 50 day moving average of $13.36 and a two-hundred day moving average of $13.19. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.17. Accelerant Holdings has a 12 month low of $9.18 and a 12 month high of $30.48. The company has a market capitalization of $4.27 billion and a P/E ratio of -2.95.

Accelerant (NYSE:ARX) last announced its quarterly earnings data on Thursday, August 13th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. The company had revenue of $356.90 million for the quarter. Accelerant had a positive return on equity of 43.20% and a negative net margin of 113.08%. As a group, equities analysts expect that Accelerant Holdings will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group set a $16.00 price target on shares of Accelerant in a research note on Thursday, May 21st. William Blair downgraded shares of Accelerant from an “outperform” rating to a “market perform” rating in a report on Thursday. Citizens Jmp reaffirmed a “market perform” rating on shares of Accelerant in a report on Friday. Raymond James Financial lifted 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. Finally, Weiss Ratings raised shares of Accelerant from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.95.

Key Stories Impacting Accelerant

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

Hedge Funds Weigh In On Accelerant

A number of large investors have recently modified their holdings of the stock. State of Wyoming acquired a new position in Accelerant during the 1st quarter worth $28,000. Quarry LP bought a new stake in Accelerant during the 3rd quarter worth about $40,000. PNC Financial Services Group Inc. bought a new stake in Accelerant during the 3rd quarter worth about $42,000. Royal Bank of Canada lifted its position in Accelerant by 50.3% during the 1st quarter. Royal Bank of Canada now owns 7,729 shares of the technology company’s stock valued at $103,000 after purchasing an additional 2,585 shares during the period. Finally, CWM LLC bought a new position in shares of Accelerant in the 4th quarter valued at about $109,000.

About Accelerant

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.