ACCESS Newswire (NYSEAMERICAN:ACCS) CEO Brian Balbirnie Acquires 1,750 Shares

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie acquired 1,750 shares of ACCESS Newswire stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of $6.70 per share, for a total transaction of $11,725.00. Following the completion of the acquisition, the chief executive officer owned 634,667 shares in the company, valued at $4,252,268.90. This trade represents a 0.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

ACCESS Newswire Trading Up 1.2%

NYSEAMERICAN ACCS opened at $6.70 on Thursday. The firm’s 50-day moving average is $7.01 and its two-hundred day moving average is $7.85. ACCESS Newswire Inc. has a 12 month low of $5.80 and a 12 month high of $13.10. 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 stock has a market capitalization of $26.00 million, a P/E ratio of -15.23 and a beta of 0.42.

ACCESS Newswire (NYSEAMERICAN:ACCS) last announced its 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 company had revenue of $5.33 million during the quarter. On average, sell-side analysts anticipate that ACCESS Newswire Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On ACCESS Newswire

Several institutional investors have recently bought and sold shares of ACCS. Topline Capital Management LLC acquired a new stake in shares of ACCESS Newswire during the second quarter worth about $8,724,000. Punch & Associates Investment Management Inc. lifted its holdings 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 buying an additional 10,000 shares in the last quarter. Bard Associates Inc. boosted its position in ACCESS Newswire by 1.9% in the 3rd quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock valued at $1,443,000 after buying an additional 2,511 shares during the period. Geode Capital Management LLC purchased a new position in ACCESS Newswire in the 2nd quarter valued at approximately $362,000. Finally, Mink Brook Asset Management LLC acquired a new position in shares of ACCESS Newswire in the third quarter worth $219,000. 50.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.