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Director and General Counsel of Accelerant Holdings (EXCHANGE:ARX), Nancy Hasley, reported purchasing 500 shares of Class A Common Shares at $21.00 per share, for a total of $10,500. The shares currently trade at $28.38, representing a 35% gain from the purchase price. According to InvestingPro analysis, the stock appears overvalued at current levels, with a "GOOD" overall financial health score of 2.64 out of 5.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction occurred on July 25, 2025. The filing also indicates the conversion of derivative securities into 1,898,201 Class A Common Shares and the conversion of 34,292,081 LP Interests of Accelerant Holdings LP into Class A Common Shares. Additionally, 22,190 shares of Redeemable Preference Shares were redeemed by the Issuer at $31.55. InvestingPro data shows the company maintains strong liquidity with a current ratio of 8.97 and an Altman Z-Score of 8.37, indicating solid financial stability. Subscribers can access 3 more exclusive ProTips and detailed financial metrics.
In other recent news, Accelerant Holdings has announced the pricing of its upsized initial public offering at $21.00 per share. The offering includes a total of 34,461,152 Class A common shares. Out of these, 20,276,280 shares are being offered by Accelerant itself, while 14,184,872 shares are being sold by existing shareholders. This development comes as the company prepares to list its shares on the New York Stock Exchange. The shares are set to trade under the ticker symbol "NYSE:ARX." The offering is expected to close on July 25, 2025, pending customary closing conditions. These recent developments mark a significant milestone for Accelerant Holdings in the public markets.
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