Accel Entertainment (NYSE:ACEL) Director Sells $276,000.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $11.04, for a total transaction of $276,000.00. Following the completion of the transaction, the director directly owned 198,135 shares of the company’s stock, valued at approximately $2,187,410.40. This represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Accel Entertainment Trading Up 0.9%

ACEL stock traded up $0.11 during midday trading on Friday, hitting $11.41. The stock had a trading volume of 327,849 shares, compared to its average volume of 360,113. The company’s 50-day moving average price is $11.31 and its 200 day moving average price is $10.95. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. The firm has a market cap of $949.01 million, a PE ratio of 22.81 and a beta of 1.07. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $13.27.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Accel Entertainment in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Citizens Jmp set a $13.00 price target on shares of Accel Entertainment in a report on Friday, December 5th. Truist Financial assumed coverage on Accel Entertainment in a report on Tuesday, December 16th. They set a “hold” rating and a $13.00 price objective for the company. Finally, Citigroup began coverage on Accel Entertainment in a report on Friday, December 5th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Accel Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP raised its stake in shares of Accel Entertainment by 8.7% during the second quarter. Engineers Gate Manager LP now owns 11,960 shares of the company’s stock valued at $141,000 after purchasing an additional 956 shares during the period. AdvisorShares Investments LLC grew its holdings in Accel Entertainment by 3.3% during the 2nd quarter. AdvisorShares Investments LLC now owns 30,942 shares of the company’s stock valued at $364,000 after purchasing an additional 1,000 shares in the last quarter. Cerity Partners LLC increased its stake in Accel Entertainment by 3.9% during the 2nd quarter. Cerity Partners LLC now owns 30,763 shares of the company’s stock worth $362,000 after buying an additional 1,145 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Accel Entertainment by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,083 shares of the company’s stock worth $248,000 after buying an additional 1,694 shares in the last quarter. Finally, Zacks Investment Management boosted its position in Accel Entertainment by 9.4% in the 3rd quarter. Zacks Investment Management now owns 23,647 shares of the company’s stock valued at $262,000 after buying an additional 2,035 shares during the last quarter. Institutional investors and hedge funds 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.