Derek Harmer Sells 5,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the completion of the sale, the insider directly owned 199,917 shares of the company’s stock, valued at approximately $2,299,045.50. The trade was a 2.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Derek Harmer also recently made the following trade(s):

• On Monday, December 15th, Derek Harmer sold 10,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.11, for a total value of $111,100.00.

Accel Entertainment Price Performance

NYSE ACEL opened at $11.50 on Wednesday. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $13.27. The stock has a 50-day moving average of $10.52 and a 200 day moving average of $11.14. The company has a market capitalization of $956.48 million, a price-to-earnings ratio of 22.99 and a beta of 1.07. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.50 and a current ratio of 2.57.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ACEL shares. Weiss Ratings restated a “hold (c+)” rating on shares of Accel Entertainment in a report on Monday. Truist Financial assumed coverage on Accel Entertainment in a report on Tuesday, December 16th. They set a “hold” rating and a $13.00 price target on the stock. Macquarie reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Accel Entertainment in a report on Wednesday, November 5th. JMP Securities set a $13.00 price objective on Accel Entertainment in a research report on Friday, December 5th. Finally, Wall Street Zen downgraded Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Institutional Trading of Accel Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of ACEL. Vanguard Group Inc. lifted its position in shares of Accel Entertainment by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company’s stock valued at $43,140,000 after buying an additional 74,992 shares in the last quarter. Hill Path Capital LP bought a new stake in Accel Entertainment during the 2nd quarter worth approximately $32,828,000. Geode Capital Management LLC lifted its holdings in Accel Entertainment by 2.1% during the second quarter. Geode Capital Management LLC now owns 1,266,697 shares of the company’s stock valued at $14,912,000 after purchasing an additional 26,419 shares in the last quarter. Invesco Ltd. lifted its holdings in Accel Entertainment by 5.7% during the third quarter. Invesco Ltd. now owns 926,303 shares of the company’s stock valued at $10,254,000 after purchasing an additional 50,305 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Accel Entertainment by 8.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company’s stock worth $9,490,000 after purchasing an additional 65,610 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.