Francis James Oneill Sells 89,219 Shares of Accelerant (NYSE:ARX) Stock

Accelerant Holdings (NYSE:ARX) insider Francis James Oneill sold 89,219 shares of Accelerant stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $12.41, for a total transaction of $1,107,207.79. Following the completion of the sale, the insider directly owned 6,369,290 shares of the company’s stock, valued at approximately $79,042,888.90. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Francis James Oneill also recently made the following trade(s):

• On Monday, August 10th, Francis James Oneill sold 63,616 shares of Accelerant stock. The stock was sold at an average price of $12.07, for a total transaction of $767,845.12.
• On Tuesday, July 28th, Francis James Oneill sold 104,647 shares of Accelerant stock. The shares were sold at an average price of $14.56, for a total value of $1,523,660.32.
• On Monday, July 27th, Francis James Oneill sold 110,467 shares of Accelerant stock. The shares were sold at an average price of $14.63, for a total value of $1,616,132.21.
• On Thursday, June 25th, Francis James Oneill sold 73,500 shares of Accelerant stock. The shares were sold at an average price of $13.06, for a total value of $959,910.00.
• On Tuesday, June 23rd, Francis James Oneill sold 76,464 shares of Accelerant stock. The stock was sold at an average price of $13.11, for a total value of $1,002,443.04.
• On Monday, June 22nd, Francis James Oneill sold 70,536 shares of Accelerant stock. The stock was sold at an average price of $13.21, for a total value of $931,780.56.

Accelerant Trading Up 43.3%

Shares of Accelerant stock opened at $19.50 on Friday. The stock has a market capitalization of $4.26 billion and a PE ratio of -2.80. Accelerant Holdings has a 52 week low of $9.18 and a 52 week high of $30.48. The stock has a 50 day moving average price of $13.27 and a two-hundred day moving average price of $13.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.61 and a current ratio of 1.61.

Accelerant (NYSE:ARX) last issued its earnings results on Thursday, August 13th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.16. Accelerant had a positive return on equity of 49.99% and a negative net margin of 135.47%.The company had revenue of $356.90 million for the quarter. As a group, equities analysts anticipate that Accelerant Holdings will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ARX. Citigroup cut shares of Accelerant from an “outperform” rating to a “market perform” rating in a research report on Thursday. Morgan Stanley lowered their price objective on Accelerant from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. William Blair lowered Accelerant from an “outperform” rating to a “market perform” rating in a report on Thursday. BMO Capital Markets lifted their target price on Accelerant from $16.50 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Finally, Piper Sandler downgraded Accelerant from an “overweight” rating to a “neutral” rating and set a $20.25 price target for the company. in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.73.

Accelerant News Roundup

Here are the key news stories impacting Accelerant this week:

• Positive Sentiment: Thoma Bravo agreed to acquire Accelerant Holdings in a transaction valued at more than $4 billion, with the company expected to become privately held. The offer provides a clear near-term valuation reference and potentially limits downside toward the $20.25-per-share consideration, subject to shareholder and regulatory approvals. Reuters article on Thoma Bravo acquisition
• Positive Sentiment: Accelerant’s second-quarter earnings beat expectations: adjusted EPS was $0.32 versus the $0.16 consensus estimate, while revenue reached $356.9 million. Results were supported by strong premium growth, higher fee revenue and stronger Exchange Services activity; EPS also improved from $0.14 a year earlier. Accelerant second-quarter earnings beat
• Neutral Sentiment: William Blair downgraded ARX from “outperform” to “market perform.” The change may reflect limited upside after the stock’s move toward Thoma Bravo’s offer price rather than a deterioration in the company’s operating results. William Blair rating change
• Negative Sentiment: Several law firms, including Halper Sadeh, Ademi and Julie & Holleman, are investigating whether public shareholders will receive a fair price and whether potential conflicts involving controlling shareholder Altamont Capital Partners affected the transaction. These inquiries could create deal uncertainty or delay completion. Ademi shareholder investigation
• Negative Sentiment: CEO Jeffrey Radke and insider Francis James O’Neill recently sold shares under pre-arranged Rule 10b5-1 plans. Both retain substantial holdings, but the sales may add a modest negative signal alongside concerns about the transaction’s fairness. Accelerant insider selling

Institutional Investors Weigh In On Accelerant

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARX. Alliancebernstein L.P. purchased a new position in shares of Accelerant in the 3rd quarter worth approximately $41,529,000. Vanguard Group Inc. purchased a new stake in shares of Accelerant during the third quarter valued at approximately $33,482,000. Balyasny Asset Management L.P. bought a new stake in Accelerant during the third quarter worth $30,060,000. Azora Capital LP boosted its position in Accelerant by 288.9% in the fourth quarter. Azora Capital LP now owns 2,439,094 shares of the technology company’s stock worth $39,879,000 after purchasing an additional 1,811,976 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Accelerant in the third quarter worth $12,985,000.

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.