Mark Phelan Sells 25,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) COO Mark Phelan sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $325,000.00. Following the completion of the transaction, the chief operating officer directly owned 241,464 shares in the company, valued at $3,139,032. The trade was a 9.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Stock Down 0.4%

Shares of ACEL stock opened at $13.08 on Wednesday. The stock’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $11.47. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. Accel Entertainment, Inc. has a twelve month low of $9.55 and a twelve month high of $14.00. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.79 and a beta of 1.01.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%.The business had revenue of $351.56 million for the quarter, compared to the consensus estimate of $342.88 million. As a group, research analysts predict that Accel Entertainment, Inc. will post 0.7 EPS for the current year.

Institutional Trading of Accel Entertainment

Several institutional investors have recently modified their holdings of the company. UBS Group AG boosted its position in Accel Entertainment by 71.6% during the fourth quarter. UBS Group AG now owns 200,736 shares of the company’s stock valued at $2,290,000 after purchasing an additional 83,725 shares during the last quarter. Hsbc Holdings PLC boosted its position in Accel Entertainment by 105.6% during the fourth quarter. Hsbc Holdings PLC now owns 118,610 shares of the company’s stock valued at $1,352,000 after purchasing an additional 60,917 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Accel Entertainment by 249.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 139,441 shares of the company’s stock valued at $1,521,000 after purchasing an additional 99,521 shares during the last quarter. 9823 Capital L.P. acquired a new position in Accel Entertainment during the fourth quarter valued at approximately $180,000. Finally, FourThought Financial Partners LLC acquired a new position in Accel Entertainment during the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACEL. Wall Street Zen downgraded Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Truist Financial lifted 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. Zacks Research downgraded Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Citizens Jmp lifted their price target on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.67.

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.