ACCESS Newswire (NYSEAMERICAN:ACCS) CEO Brian Balbirnie Buys 10,000 Shares of Stock

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie bought 10,000 shares of ACCESS Newswire stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $4.95 per share, for a total transaction of $49,500.00. Following the purchase, the chief executive officer directly owned 644,667 shares in the company, valued at approximately $3,191,101.65. The trade was a 1.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ACCESS Newswire Trading Up 2.6%

ACCS opened at $5.10 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $19.53 million, a price-to-earnings ratio of -11.59 and a beta of 0.40. The firm has a 50 day simple moving average of $6.48 and a 200 day simple moving average of $7.14. ACCESS Newswire Inc. has a fifty-two week low of $4.74 and a fifty-two week high of $11.70.

ACCESS Newswire (NYSEAMERICAN:ACCS) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter. ACCESS Newswire had a negative net margin of 7.63% and a positive return on equity of 4.88%. The firm had revenue of $5.62 million for the quarter. On average, sell-side analysts anticipate that ACCESS Newswire Inc. will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. DRW Securities LLC acquired a new position in ACCESS Newswire during the fourth quarter valued at approximately $117,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of ACCESS Newswire during the fourth quarter worth $140,000. Bridgeway Capital Management LLC bought a new position in shares of ACCESS Newswire during the second quarter worth $163,000. Geode Capital Management LLC acquired a new position in shares of ACCESS Newswire in the 2nd quarter valued at $362,000. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of ACCESS Newswire by 3.0% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 142,410 shares of the company’s stock valued at $1,324,000 after buying an additional 4,150 shares during the period. Institutional investors own 50.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital reduced their price target 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, 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.