Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Insider Sells 5,000 Shares of Stock

by · The Cerbat Gem

Accel Entertainment, Inc. (NYSE:ACEL – Get Free Report) insider Derek Harmer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the completion of the transaction, the insider now owns 211,575 shares in the company, valued at $2,221,537.50. This trade represents a 2.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Accel Entertainment Stock Up 1.9 %

Shares of ACEL traded up $0.20 during mid-day trading on Friday, hitting $10.94. 653,529 shares of the company’s stock were exchanged, compared to its average volume of 279,488. The stock has a market cap of $935.95 million, a price-to-earnings ratio of 21.45 and a beta of 1.35. The firm has a fifty day moving average of $10.76 and a two-hundred day moving average of $11.10. 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 twelve month low of $9.02 and a twelve month high of $12.96.

Institutional Investors Weigh In On Accel Entertainment

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new stake in shares of Accel Entertainment in the first quarter worth about $35,000. Covestor Ltd raised its stake in shares of Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after acquiring an additional 1,051 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Accel Entertainment in the 4th quarter valued at approximately $51,000. Russell Investments Group Ltd. lifted its holdings in Accel Entertainment by 11,304.3% in the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock worth $56,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Accel Entertainment during the third quarter worth approximately $64,000. 55.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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.

Get Our Latest Stock Analysis on ACEL

About Accel Entertainment

(Get Free Report)

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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