Accelerant (NYSE:ARX) Receives “Market Perform” Rating from Citizens Jmp

Citizens Jmp reissued their market perform rating on shares of Accelerant (NYSE:ARX) in a research note published on Friday morning,Benzinga reports.

A number of other brokerages have also recently commented on ARX. Wells Fargo & Company dropped their price target on Accelerant from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Piper Sandler cut Accelerant from an “overweight” rating to a “hold” rating and set a $20.25 price objective for the company. in a research note on Thursday. Weiss Ratings raised Accelerant from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. BMO Capital Markets increased their target price on Accelerant from $16.50 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Finally, Raymond James Financial lifted their price target on Accelerant from $16.00 to $19.00 and gave the stock 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.95.

Accelerant Stock Up 0.4%

NYSE:ARX opened at $19.59 on Friday. The firm’s 50-day moving average price is $13.36 and its 200-day moving average price is $13.19. The company has a market capitalization of $4.27 billion and a PE ratio of -2.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.61 and a quick ratio of 1.61. Accelerant has a 1-year low of $9.18 and a 1-year high of $30.48.

Accelerant (NYSE:ARX) last issued its quarterly earnings results on Thursday, August 13th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16. The company had revenue of $356.90 million during the quarter. Accelerant had a negative net margin of 113.08% and a positive return on equity of 43.20%. On average, equities analysts predict that Accelerant will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Accelerant news, CEO Jeffrey L. Radke sold 80,000 shares of Accelerant stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.09, for a total value of $967,200.00. Following the completion of the sale, the chief executive officer owned 27,591,939 shares of the company’s stock, valued at approximately $333,586,542.51. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Francis James Oneill sold 89,219 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $12.41, for a total value of $1,107,207.79. Following the transaction, the insider directly owned 6,369,290 shares in the company, valued at approximately $79,042,888.90. The trade was a 1.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,236,729 shares of company stock valued at $16,547,245. 66.59% of the stock is currently owned by company insiders.

Institutional Trading of Accelerant

A number of large investors have recently made changes to their positions in the stock. State of Wyoming bought a new position in Accelerant during the first quarter valued at approximately $28,000. Quarry LP purchased a new stake in Accelerant during the 3rd quarter valued at $40,000. PNC Financial Services Group Inc. purchased a new stake in Accelerant during the 3rd quarter valued at $42,000. Royal Bank of Canada lifted its holdings in shares of 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 buying an additional 2,585 shares during the period. Finally, CWM LLC purchased a new position in shares of Accelerant in the 4th quarter worth $109,000.

More Accelerant News

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

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.