Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 25,000 Shares

by · The Cerbat Gem

Accel Entertainment, Inc. (NYSE:ACEL – Get Free Report) Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total value of $265,250.00. Following the sale, the director now owns 348,135 shares of the company’s stock, valued at approximately $3,693,712.35. This trade represents a 6.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Accel Entertainment Stock Up 2.5 %

Shares of Accel Entertainment stock traded up $0.27 on Tuesday, hitting $10.99. 602,539 shares of the company’s stock traded hands, compared to its average volume of 231,478. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.96. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The stock has a market cap of $904.92 million, a P/E ratio of 21.55 and a beta of 1.46. The firm’s 50-day moving average is $11.19 and its 200 day moving average is $11.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ACEL. Point72 Asset Management L.P. bought a new stake in shares of Accel Entertainment in the 3rd quarter worth about $64,000. Quantbot Technologies LP bought a new stake in Accel Entertainment in the third quarter valued at about $78,000. Quarry LP increased its holdings in Accel Entertainment by 268.4% in the second quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after buying an additional 6,296 shares during the last quarter. Creative Planning acquired a new stake in Accel Entertainment during the third quarter valued at approximately $144,000. Finally, EP Wealth Advisors LLC bought a new position in Accel Entertainment during the 3rd quarter worth approximately $146,000. 55.39% of the stock is currently owned by institutional investors.

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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