Militia Capital Management LLC Invests $2 Million in Accelerant Holdings $ARX

Militia Capital Management LLC acquired a new stake in shares of Accelerant Holdings (NYSE:ARX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 150,000 shares of the technology company’s stock, valued at approximately $2,004,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARX. Alliancebernstein L.P. acquired a new position in Accelerant in the 3rd quarter worth about $41,529,000. Balyasny Asset Management L.P. lifted its holdings in shares of Accelerant by 35.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,733,595 shares of the technology company’s stock valued at $44,694,000 after buying an additional 714,811 shares during the last quarter. Azora Capital LP lifted its holdings in shares of Accelerant by 288.9% during the 4th quarter. Azora Capital LP now owns 2,439,094 shares of the technology company’s stock valued at $39,879,000 after buying an additional 1,811,976 shares during the last quarter. Vanguard Group Inc. bought a new stake in shares of Accelerant in the 3rd quarter valued at approximately $33,482,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Accelerant by 21.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,952,996 shares of the technology company’s stock valued at $31,931,000 after buying an additional 342,133 shares in the last quarter.

Insiders Place Their Bets

In other news, Director Nancy Hasley sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $13.11, for a total value of $458,850.00. Following the sale, the director directly owned 1,362,323 shares of the company’s stock, valued at approximately $17,860,054.53. This trade represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Matthew David Sternberg sold 17,568 shares of Accelerant stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $14.64, for a total value of $257,195.52. Following the completion of the transaction, the chief operating officer owned 596,482 shares in the company, valued at $8,732,496.48. The trade was a 2.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 903,405 shares of company stock valued at $12,339,427. 66.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citizens Jmp reduced their target price on shares of Accelerant from $20.00 to $17.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Weiss Ratings lowered shares of Accelerant from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. Morgan Stanley reduced their price objective on shares of Accelerant from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. BMO Capital Markets upped their price objective on shares of Accelerant from $16.50 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Finally, UBS Group set a $16.00 target price on shares of Accelerant in a research report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.60.

Accelerant Trading Down 0.3%

Shares of ARX stock opened at $11.85 on Monday. Accelerant Holdings has a 12 month low of $9.18 and a 12 month high of $30.48. The company has a market cap of $2.58 billion and a PE ratio of -1.70. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $13.77 and its two-hundred day moving average is $13.26.

Accelerant (NYSE:ARX) last posted its earnings results on Wednesday, May 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $273.20 million for the quarter. Accelerant had a negative net margin of 135.47% and a positive return on equity of 49.99%. The company’s revenue was up 53.5% on a year-over-year basis. Equities analysts predict that Accelerant Holdings will post 0.73 EPS for the current year.

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.