Brian Balbirnie Purchases 1,750 Shares of ACCESS Newswire (NYSEAMERICAN:ACCS) Stock

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie purchased 1,750 shares of ACCESS Newswire stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $6.70 per share, with a total value of $11,725.00. Following the completion of the acquisition, the chief executive officer directly owned 634,667 shares of the company’s stock, valued at approximately $4,252,268.90. This trade represents a 0.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACCESS Newswire Stock Up 1.1%

ACCS traded up $0.07 during midday trading on Wednesday, hitting $6.70. The company had a trading volume of 14,452 shares, compared to its average volume of 18,100. The stock’s 50 day moving average price is $7.03 and its 200 day moving average price is $7.87. ACCESS Newswire Inc. has a 52 week low of $5.80 and a 52 week high of $13.10. The company has a market capitalization of $25.98 million, a price-to-earnings ratio of -15.22 and a beta of 0.42. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.05.

ACCESS Newswire (NYSEAMERICAN:ACCS) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter. ACCESS Newswire had a negative net margin of 7.60% and a positive return on equity of 5.57%. The company had revenue of $5.33 million for the quarter. On average, research analysts anticipate that ACCESS Newswire Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital cut their target price on ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $12.00.

Hedge Funds Weigh In On ACCESS Newswire

Large investors have recently added to or reduced their stakes in the business. Bard Associates Inc. raised its position in ACCESS Newswire by 1.9% in the 3rd quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock valued at $1,443,000 after buying an additional 2,511 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in ACCESS Newswire by 3.0% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 142,410 shares of the company’s stock worth $1,324,000 after acquiring an additional 4,150 shares during the last quarter. DRW Securities LLC purchased a new position in ACCESS Newswire during the 4th quarter worth $117,000. Bridgeway Capital Management LLC bought a new stake in shares of ACCESS Newswire in the 2nd quarter worth $163,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of ACCESS Newswire in the 4th quarter worth $140,000. Institutional investors own 50.02% of the company’s stock.

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.