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 on Tuesday, June 23rd. The shares were purchased at an average cost of $6.70 per share, for a total transaction of $11,725.00. Following the acquisition, the chief executive officer owned 634,667 shares in the company, valued at approximately $4,252,268.90. This represents a 0.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ACCESS Newswire Stock Down 3.0%

Shares of ACCS opened at $6.50 on Friday. The business’s fifty day moving average price is $6.97 and its two-hundred day moving average price is $7.84. The firm has a market capitalization of $25.22 million, a price-to-earnings ratio of -14.77 and a beta of 0.42. ACCESS Newswire Inc. has a 52 week low of $5.80 and a 52 week high of $13.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.88 and a current ratio of 0.88.

ACCESS Newswire (NYSEAMERICAN:ACCS) last released its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share 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, analysts predict that ACCESS Newswire Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Lake Street Capital reduced their target price on shares of ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ACCESS Newswire has a consensus rating of “Buy” and a consensus price target of $12.00.

Institutional Investors Weigh In On ACCESS Newswire

A number of institutional investors have recently made changes to their positions in ACCS. Topline Capital Management LLC acquired a new stake in shares of ACCESS Newswire in the 2nd quarter valued at approximately $8,724,000. Punch & Associates Investment Management Inc. grew its holdings in ACCESS Newswire by 7.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 152,410 shares of the company’s stock valued at $1,350,000 after purchasing an additional 10,000 shares during the period. Bard Associates Inc. increased its stake in ACCESS Newswire by 1.9% in the third quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock valued at $1,443,000 after purchasing an additional 2,511 shares in the last quarter. Geode Capital Management LLC bought a new stake in ACCESS Newswire in the second quarter valued at approximately $362,000. Finally, Mink Brook Asset Management LLC acquired a new stake in ACCESS Newswire in the third quarter worth $219,000. 50.02% of the stock is owned by institutional investors and hedge funds.

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.