89,851 Shares in Accelerant Holdings $ARX Acquired by Transmarket Holdings LP

Transmarket Holdings LP bought a new position in shares of Accelerant Holdings (NYSE:ARX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 89,851 shares of the company’s stock, valued at approximately $1,773,000. Accelerant comprises about 1.0% of Transmarket Holdings LP’s portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deer Park Road Corp acquired a new position in shares of Accelerant in the 3rd quarter valued at $90,645,000. Sterling Capital Management LLC increased its position in shares of Accelerant by 543.3% during the 3rd quarter. Sterling Capital Management LLC now owns 1,885 shares of the company’s stock worth $37,000 after purchasing an additional 1,592 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Accelerant by 998.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,758 shares of the company’s stock worth $35,000 after purchasing an additional 1,598 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Accelerant during the 3rd quarter worth about $38,000. Finally, WINTON GROUP Ltd raised its holdings in Accelerant by 59.4% in the 2nd quarter. WINTON GROUP Ltd now owns 22,000 shares of the company’s stock valued at $258,000 after buying an additional 8,200 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ARX shares. Piper Sandler lowered shares of Accelerant from an “overweight” rating to a “hold” rating and set a $20.25 price objective on the stock. in a report on Thursday, August 13th. Citizens Jmp lowered shares of Accelerant from a “market outperform” rating to a “hold” rating in a research note on Friday, August 14th. Raymond James Financial cut shares of Accelerant from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 23rd. Royal Bank Of Canada downgraded shares of Accelerant from a “moderate buy” rating to a “hold” rating and set a $20.25 price target on the stock. in a research note on Friday, August 14th. Finally, Citigroup lowered shares of Accelerant from an “outperform” rating to a “market perform” rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.98.

Insider Buying and Selling

In related news, insider Francis Oneill sold 89,219 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $12.41, for a total transaction of $1,107,207.79. Following the completion of the transaction, the insider directly owned 6,369,290 shares in the company, valued at $79,042,888.90. This trade represents a 1.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nancy Hasley sold 20,489 shares of Accelerant stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $19.56, for a total value of $400,764.84. Following the completion of the transaction, the director directly owned 1,341,834 shares of the company’s stock, valued at approximately $26,246,273.04. This represents a 1.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 333,866 shares of company stock valued at $4,218,452. Corporate insiders own 66.59% of the company’s stock.

Accelerant Stock Up 0.0%

NYSE:ARX opened at $19.82 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $19.75 and its two-hundred day moving average is $14.98. Accelerant Holdings has a 52 week low of $9.18 and a 52 week high of $19.90. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -2.98 and a beta of 0.08.

Accelerant (NYSE:ARX) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.16 by $0.16. Accelerant had a positive return on equity of 42.79% and a negative net margin of 113.08%. The business had revenue of $303.90 million during the quarter. Research analysts anticipate that Accelerant Holdings will post 0.90 EPS for the current year.

Accelerant Profile

Accelerant Holdings is a technology-enabled specialty insurance platform that connects managing general agents (MGAs) with insurance and reinsurance capital providers. The company aims to help MGAs access capacity and support capital partners with data, underwriting insight and portfolio management tools.

Its services include underwriting support, risk selection, portfolio analytics and technology designed to improve the exchange of information between specialty insurance distributors and capacity providers.