ACCESS Newswire (NYSEAMERICAN:ACCS) CEO Acquires 10,000 Shares of Stock

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

ACCESS Newswire Price Performance

Shares of ACCS opened at $4.97 on Monday. The stock has a market capitalization of $19.04 million, a PE ratio of -11.30 and a beta of 0.40. ACCESS Newswire Inc. has a fifty-two week low of $4.74 and a fifty-two week high of $11.75. 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 50 day moving average price of $6.50 and a 200-day moving average price of $7.17.

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 positive return on equity of 4.88% and a negative net margin of 7.63%. Equities analysts predict that ACCESS Newswire Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACCESS Newswire

Hedge funds and other institutional investors have recently bought and sold shares of the company. Topline Capital Management LLC acquired a new stake in ACCESS Newswire in the second quarter valued at approximately $8,724,000. Geode Capital Management LLC acquired a new position in shares of ACCESS Newswire during the second quarter worth $362,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of ACCESS Newswire during the 4th quarter valued at $140,000. Bridgeway Capital Management LLC acquired a new stake in shares of ACCESS Newswire in the 2nd quarter worth $163,000. Finally, DRW Securities LLC acquired a new stake in shares of ACCESS Newswire in the 4th quarter worth $117,000. Hedge funds and other institutional investors own 50.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.