Insider Selling: Accel Entertainment (NYSE:ACEL) Insider Sells $306,148.12 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 26,324 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $11.63, for a total value of $306,148.12. Following the completion of the sale, the insider directly owned 170,929 shares in the company, valued at $1,987,904.27. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, September 14th, Derek Harmer sold 13,162 shares of Accel Entertainment stock. The shares were sold at an average price of $11.60, for a total transaction of $152,679.20.

Accel Entertainment Price Performance

Shares of NYSE ACEL opened at $11.47 on Friday. Accel Entertainment, Inc. has a 1 year low of $9.55 and a 1 year high of $14.00. The stock has a market capitalization of $931.04 million, a P/E ratio of 17.12 and a beta of 1.01. The company’s 50-day moving average is $12.02 and its 200 day moving average is $11.97. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.47 and a quick ratio of 2.40.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%.The firm had revenue of $368.13 million during the quarter, compared to the consensus estimate of $356.66 million. On average, sell-side analysts expect that Accel Entertainment, Inc. will post 0.69 earnings per share for the current year.

Institutional Trading of Accel Entertainment

Hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new position in Accel Entertainment during the second quarter worth $3,894,000. Bank of New York Mellon Corp acquired a new stake in shares of Accel Entertainment in the second quarter valued at about $2,643,000. Quantinno Capital Management LP grew its position in shares of Accel Entertainment by 18.9% in the first quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock valued at $1,352,000 after purchasing an additional 19,734 shares during the period. Lazard Asset Management LLC increased its stake in shares of Accel Entertainment by 17.1% during the first quarter. Lazard Asset Management LLC now owns 298,515 shares of the company’s stock worth $3,257,000 after purchasing an additional 43,663 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Accel Entertainment by 63.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after purchasing an additional 421,047 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACEL. National Bank Financial set a $15.00 target price on shares of Accel Entertainment in a research note on Wednesday, August 5th. Citizens Jmp increased their price objective on shares of Accel Entertainment from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Wells Fargo & Company initiated coverage on Accel Entertainment in a research report on Friday, August 21st. They set an “equal weight” rating and a $14.00 target price for the company. Finally, Truist Financial set a $14.00 target price on Accel Entertainment in a research note on Wednesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services through a network of electronic gaming terminals placed in licensed third-party establishments. The company’s host locations include bars, restaurants, taverns, convenience stores, truck stops and other businesses that offer gaming as an additional customer amenity.

Accel typically manages the full gaming operation for its partners, including the installation, maintenance and servicing of gaming terminals, game content, regulatory compliance, cash management and player-support functions.