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

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $6.46 per share, with a total value of $64,600.00. Following the completion of the transaction, the chief executive officer directly owned 632,917 shares in the company, valued at $4,088,643.82. This trade represents a 1.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACCESS Newswire Price Performance

Shares of ACCS opened at $6.46 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day simple moving average of $7.71 and a 200 day simple moving average of $8.14. ACCESS Newswire Inc. has a 52-week low of $5.99 and a 52-week high of $13.35. The firm has a market capitalization of $25.06 million, a PE ratio of -14.68 and a beta of 0.48.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter. ACCESS Newswire had a positive return on equity of 5.57% and a negative net margin of 7.60%.The business had revenue of $5.33 million during the quarter. Sell-side analysts predict that ACCESS Newswire Inc. will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On ACCESS Newswire

A number of large investors have recently bought and sold shares of the company. Topline Capital Management LLC acquired a new position in ACCESS Newswire during the 2nd quarter worth approximately $8,724,000. Punch & Associates Investment Management Inc. boosted its position in ACCESS Newswire by 7.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 152,410 shares of the company’s stock worth $1,350,000 after acquiring an additional 10,000 shares during the last quarter. Bard Associates Inc. boosted its position in ACCESS Newswire by 1.9% during the 3rd quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock worth $1,443,000 after acquiring an additional 2,511 shares during the last quarter. Herald Investment Management Ltd acquired a new position in ACCESS Newswire during the 3rd quarter worth approximately $956,000. Finally, Geode Capital Management LLC acquired a new position in ACCESS Newswire during the 2nd quarter worth approximately $362,000. Institutional investors and hedge funds own 50.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital decreased 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $12.00.

About ACCESS Newswire

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.