Insider Selling: Accelerant (NYSE:ARX) Director Sells 20,489 Shares of Stock

Key Points

  • Director Nancy Hasley sold 20,489 Accelerant shares for approximately $400,765 at an average price of $19.56. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced her holdings by 1.5%.
  • Accelerant reported stronger-than-expected second-quarter results, with EPS of $0.32 versus the $0.16 consensus estimate and revenue of $356.9 million.
  • Thoma Bravo’s proposed acquisition would take Accelerant private at $20.25 per share, while analysts maintain an overall “Hold” rating with an average price target of $18.95. Several law firms are investigating the deal’s price and sale process, adding potential execution risk.

Accelerant Holdings (NYSE:ARX - Get Free Report) Director Nancy Hasley sold 20,489 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $19.56, for a total value of $400,764.84. Following the transaction, the director 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. 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.

Nancy Hasley also recently made the following trade(s):

  • On Tuesday, June 23rd, Nancy Hasley sold 35,000 shares of Accelerant stock. The shares were sold at an average price of $13.11, for a total value of $458,850.00.

Accelerant Price Performance

ARX stock opened at $19.59 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $4.27 billion and a PE ratio of -2.95. Accelerant Holdings has a 12-month low of $9.18 and a 12-month high of $30.48. The business's fifty day moving average price is $13.36 and its 200 day moving average price is $13.19.




Accelerant (NYSE:ARX - Get Free Report) last posted its earnings results on Thursday, August 13th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.16. Accelerant had a positive return on equity of 43.20% and a negative net margin of 113.08%.The firm had revenue of $356.90 million for the quarter. On average, sell-side analysts anticipate that Accelerant Holdings will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ARX. Citigroup cut shares of Accelerant from an "outperform" rating to a "market perform" rating in a research report on Thursday. Royal Bank Of Canada downgraded shares of Accelerant from a "moderate buy" rating to a "hold" rating and set a $20.25 target price on the stock. in a research note on Friday. UBS Group set a $16.00 target price on shares of Accelerant in a report on Thursday, May 21st. BMO Capital Markets raised their price target on shares of Accelerant from $16.50 to $17.00 and gave the company an "outperform" rating in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company dropped their price target on shares of Accelerant from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.95.

View Our Latest Analysis on Accelerant

Institutional Investors Weigh In On Accelerant

A number of hedge funds have recently bought and sold shares of ARX. Teacher Retirement System of Texas boosted its stake in shares of Accelerant by 0.6% in the 4th quarter. Teacher Retirement System of Texas now owns 176,043 shares of the technology company's stock valued at $2,878,000 after buying an additional 1,043 shares during the period. State of Wyoming purchased a new stake in shares of Accelerant during the first quarter worth approximately $28,000. Royal Bank of Canada increased its stake in shares of Accelerant by 50.3% during the first quarter. Royal Bank of Canada now owns 7,729 shares of the technology company's stock worth $103,000 after buying an additional 2,585 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Accelerant by 73.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,157 shares of the technology company's stock worth $82,000 after buying an additional 2,611 shares during the period. Finally, Quarry LP acquired a new stake in Accelerant in the third quarter valued at approximately $40,000.

Accelerant News Roundup

Here are the key news stories impacting Accelerant this week:

  • Positive Sentiment: Thoma Bravo’s proposed acquisition would take Accelerant Holdings private and provides shareholders with a defined cash exit at $20.25 per share. The deal triggered a sharp prior-session rally and substantially reset the stock’s valuation. Reuters article on Thoma Bravo acquisition
  • Positive Sentiment: Accelerant’s second-quarter results exceeded expectations, with earnings of $0.32 per share versus the $0.16 consensus estimate and revenue of $356.9 million. Strong premium growth, higher fee revenue and stronger Exchange Services supported the beat. Zacks Accelerant earnings article
  • Neutral Sentiment: Citizens JMP reaffirmed a “market perform” rating, while William Blair downgraded ARX from “outperform” to “hold.” With the stock near the $20.25 offer, analyst targets and ratings have less influence than merger-completion expectations.
  • Negative Sentiment: Several law firms, including Kahn Swick & Foti, Ademi and Halper Sadeh, are investigating whether the buyout price and sale process are fair to public shareholders. These announcements could increase litigation or deal-execution risk, although they do not necessarily indicate that the transaction will be blocked. Kahn Swick & Foti investigation
  • Negative Sentiment: Director Nancy Hasley sold 20,489 shares worth approximately $400,765. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced her holdings by only 1.5%, making it a modest negative signal rather than a fundamental change in insider positioning. SEC insider transaction filing

Accelerant Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Accelerant (NYSE:ARX)

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