Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells 25,000 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the transaction, the director now owns 323,135 shares in the company, valued at approximately $3,557,716.35. This trade represents a 7.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Accel Entertainment Stock Down 1.4 %

Accel Entertainment stock traded down $0.16 during midday trading on Friday, reaching $11.04. The stock had a trading volume of 345,356 shares, compared to its average volume of 282,716. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96. The company has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $11.08. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $944.68 million, a P/E ratio of 21.65 and a beta of 1.35.

Wall Street Analyst Weigh In

Separately, Macquarie boosted their price target on Accel Entertainment from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Friday, February 28th.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in ACEL. Verition Fund Management LLC raised its stake in shares of Accel Entertainment by 43.3% in the third quarter. Verition Fund Management LLC now owns 22,618 shares of the company's stock worth $263,000 after purchasing an additional 6,830 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Accel Entertainment in the 3rd quarter valued at $146,000. Barclays PLC lifted its stake in Accel Entertainment by 34.6% during the 3rd quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after acquiring an additional 57,666 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Accel Entertainment by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock worth $3,304,000 after acquiring an additional 3,355 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Accel Entertainment by 34.8% in the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company's stock worth $422,000 after acquiring an additional 10,194 shares in the last quarter. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.