Accel Entertainment (NYSE:ACEL) Director David Ruttenberg Sells 10,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 10,000 shares of Accel Entertainment stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $11.53, for a total value of $115,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Accel Entertainment Stock Performance

NYSE ACEL traded down $0.04 on Tuesday, reaching $11.44. The stock had a trading volume of 554,478 shares, compared to its average volume of 459,669. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55. The company has a market cap of $951.67 million, a P/E ratio of 19.06 and a beta of 1.05. The firm has a fifty day moving average of $11.34 and a two-hundred day moving average of $10.96. Accel Entertainment, Inc. has a 1-year low of $9.02 and a 1-year high of $13.31.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $341.45 million during the quarter, compared to the consensus estimate of $335.66 million. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%. On average, equities research analysts anticipate that Accel Entertainment, Inc. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACEL. Citizens Jmp boosted their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, March 4th. Citigroup initiated coverage on shares of Accel Entertainment in a research report on Friday, December 5th. They issued an “outperform” rating for the company. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Finally, Truist Financial increased their price target on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.75.

Institutional Investors Weigh In On Accel Entertainment

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Accel Entertainment in the 3rd quarter valued at about $49,000. Osaic Holdings Inc. lifted its holdings in shares of Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after acquiring an additional 4,608 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after acquiring an additional 4,700 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $110,000. Finally, EntryPoint Capital LLC bought a new position in Accel Entertainment in the fourth quarter valued at approximately $118,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

About Accel Entertainment

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.