ACCESS Newswire (NYSEAMERICAN:ACCS) CEO Acquires $49,500.00 in Stock

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie acquired 10,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $4.95 per share, with a total value of $49,500.00. Following the completion of the acquisition, the chief executive officer owned 644,667 shares in the company, valued at approximately $3,191,101.65. This represents a 1.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ACCESS Newswire Price Performance

ACCS stock opened at $4.95 on Thursday. ACCESS Newswire Inc. has a one year low of $4.74 and a one year high of $11.38. The company’s fifty day moving average price is $6.44 and its 200-day moving average price is $7.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $18.96 million, a PE ratio of -11.25 and a beta of 0.40.

ACCESS Newswire (NYSEAMERICAN:ACCS) last posted its earnings results on Tuesday, August 11th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $5.62 million during the quarter. ACCESS Newswire had a negative net margin of 7.63% and a positive return on equity of 4.88%. On average, equities analysts anticipate that ACCESS Newswire Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital cut 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ACCESS Newswire has an average rating of “Buy” and an average price target of $12.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ACCS. Punch & Associates Investment Management Inc. increased its position in ACCESS Newswire by 7.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 152,410 shares of the company’s stock worth $1,350,000 after purchasing an additional 10,000 shares during the last quarter. DRW Securities LLC bought a new position in ACCESS Newswire during the fourth quarter valued at $117,000. Topline Capital Management LLC purchased a new position in shares of ACCESS Newswire in the 2nd quarter worth $8,724,000. Geode Capital Management LLC purchased a new position in shares of ACCESS Newswire in the 2nd quarter worth $362,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of ACCESS Newswire in the 2nd quarter worth about $163,000. 50.02% of the stock is owned by hedge funds and other institutional investors.

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.