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

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 shares were purchased at an average price of $6.70 per share, for a total transaction of $11,725.00. Following the transaction, the chief executive officer directly owned 634,667 shares in the company, valued at $4,252,268.90. The trade was a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ACCESS Newswire Trading Up 1.1%

ACCESS Newswire stock traded up $0.07 during trading hours on Wednesday, hitting $6.70. The stock had a trading volume of 14,452 shares, compared to its average volume of 18,100. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.05. The stock has a market cap of $25.98 million, a price-to-earnings ratio of -15.22 and a beta of 0.42. ACCESS Newswire Inc. has a one year low of $5.80 and a one year high of $13.10. The business’s 50 day simple moving average is $7.03 and its 200-day simple moving average is $7.87.

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

Analyst Ratings Changes

Separately, Lake Street Capital dropped their price target 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $12.00.

Institutional Inflows and Outflows

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

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.