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

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of $6.46 per share, with a total value of $64,600.00. Following the acquisition, the chief executive officer owned 632,917 shares of the company’s stock, valued at approximately $4,088,643.82. The trade was a 1.61% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

ACCESS Newswire Trading Down 1.9%

NYSEAMERICAN ACCS opened at $6.32 on Friday. The company has a fifty day simple moving average of $7.72 and a two-hundred day simple moving average of $8.15. The stock has a market cap of $24.52 million, a P/E ratio of -14.36 and a beta of 0.48. ACCESS Newswire Inc. has a 12-month low of $5.99 and a 12-month high of $13.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.05.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its earnings results 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 firm had revenue of $5.33 million during the quarter. On average, analysts forecast that ACCESS Newswire Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On ACCESS Newswire

Institutional investors and hedge funds have recently bought and sold shares of the company. DRW Securities LLC acquired a new position in shares of ACCESS Newswire in the 4th quarter worth approximately $117,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of ACCESS Newswire in the 4th quarter worth approximately $140,000. Bridgeway Capital Management LLC acquired a new position in shares of ACCESS Newswire in the 2nd quarter worth approximately $163,000. Mink Brook Asset Management LLC acquired a new position in shares of ACCESS Newswire in the 3rd quarter worth approximately $219,000. Finally, Geode Capital Management LLC acquired a new position in shares of ACCESS Newswire in the 2nd quarter worth approximately $362,000. 50.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital reduced their target price on ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ACCESS Newswire has an average 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.