Accelerant (NYSE:ARX) Insider Francis James Oneill Sells 110,467 Shares of Stock

Accelerant Holdings (NYSE:ARX) insider Francis James Oneill sold 110,467 shares of Accelerant stock in a transaction on Monday, July 27th. The stock was sold at an average price of $14.63, for a total value of $1,616,132.21. Following the transaction, the insider owned 6,626,772 shares in the company, valued at approximately $96,949,674.36. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, July 28th, Francis James Oneill sold 104,647 shares of Accelerant stock. The stock was sold at an average price of $14.56, for a total transaction of $1,523,660.32.
• On Thursday, June 25th, Francis James Oneill sold 73,500 shares of Accelerant stock. The stock was sold at an average price of $13.06, for a total transaction of $959,910.00.
• On Tuesday, June 23rd, Francis James Oneill sold 76,464 shares of Accelerant stock. The shares were 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 Down 15.3%

Shares of Accelerant stock traded down $2.25 during trading hours on Wednesday, hitting $12.47. The company’s stock had a trading volume of 4,251,021 shares, compared to its average volume of 1,490,461. The stock has a market cap of $2.72 billion and a price-to-earnings ratio of -1.79. 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 Holdings has a twelve month low of $9.18 and a twelve month high of $30.48. The firm has a fifty day moving average of $14.08 and a 200-day moving average of $13.34.

Accelerant (NYSE:ARX) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm 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 business’s quarterly revenue was up 53.5% on a year-over-year basis. Research analysts forecast that Accelerant Holdings will post 0.73 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on ARX shares. BMO Capital Markets lifted their price target on Accelerant from $16.50 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Wells Fargo & Company dropped their price objective on Accelerant from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Morgan Stanley dropped their price target on Accelerant from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, July 6th. UBS Group set a $16.00 price target on Accelerant in a report on Thursday, May 21st. Finally, Raymond James Financial lifted their target price on shares of Accelerant from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.60.

Hedge Funds Weigh In On Accelerant

Several institutional investors have recently modified their holdings of the company. State of Wyoming purchased a new stake in shares of Accelerant during the 1st quarter worth about $28,000. Quarry LP bought a new stake in shares of Accelerant during the 3rd quarter worth $40,000. PNC Financial Services Group Inc. acquired a new position in Accelerant in the 3rd quarter valued at $42,000. Royal Bank of Canada grew its stake in Accelerant by 50.3% in the 1st quarter. Royal Bank of Canada now owns 7,729 shares of the technology company’s stock valued at $103,000 after buying an additional 2,585 shares during the last quarter. Finally, CWM LLC bought a new position in Accelerant in the 4th quarter worth $109,000.

Accelerant Company Profile

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.