Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 70,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David W. Ruttenberg sold 70,000 shares of Accel Entertainment stock in a transaction on Friday, November 8th. The stock was sold at an average price of $11.73, for a total transaction of $821,100.00. Following the completion of the transaction, the director now directly owns 277,455 shares in the company, valued at approximately $3,254,547.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Accel Entertainment Trading Up 3.1 %

Shares of Accel Entertainment stock traded up $0.36 during trading on Friday, reaching $11.86. 347,216 shares of the stock were exchanged, compared to its average volume of 244,844. The stock's fifty day moving average is $11.45 and its 200 day moving average is $10.84. The firm has a market cap of $976.55 million, a price-to-earnings ratio of 22.51 and a beta of 1.47. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.61.

Institutional Trading of Accel Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd grew its stake in shares of Accel Entertainment by 31,840.0% in the 1st quarter. Covestor Ltd now owns 3,194 shares of the company's stock worth $38,000 after buying an additional 3,184 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Accel Entertainment in the 1st quarter worth about $52,000. Quarry LP grew its position in Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company's stock valued at $89,000 after purchasing an additional 6,296 shares during the last quarter. Creative Planning bought a new stake in Accel Entertainment during the 3rd quarter valued at about $144,000. Finally, Principal Financial Group Inc. raised its holdings in Accel Entertainment by 8.2% in the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company's stock worth $205,000 after buying an additional 1,519 shares during the last quarter. 55.39% of the stock is currently owned by hedge funds and other 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.

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