Accel Entertainment, Inc. (NYSE:ACEL) CAO Christen Kozlik Sells 3,791 Shares

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) CAO Christen Kozlik sold 3,791 shares of Accel Entertainment stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.50, for a total transaction of $43,596.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,534 shares of the company's stock, valued at $52,141. This trade represents a 45.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Accel Entertainment Stock Performance

NYSE:ACEL traded down $0.46 during mid-day trading on Friday, hitting $11.25. The stock had a trading volume of 234,126 shares, compared to its average volume of 285,205. The stock has a market capitalization of $951.79 million, a price-to-earnings ratio of 22.05 and a beta of 1.23. The company has a 50 day simple moving average of $11.19 and a 200-day simple moving average of $11.03. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Institutional Trading of Accel Entertainment

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Accel Entertainment in the 1st quarter valued at about $35,000. Covestor Ltd lifted its position in Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after purchasing an additional 1,051 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Accel Entertainment in the 4th quarter valued at about $51,000. Russell Investments Group Ltd. lifted its position in Accel Entertainment by 11,304.3% in the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock valued at $56,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock worth $79,000 after buying an additional 6,151 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACEL has been the subject of several research reports. Macquarie reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Accel Entertainment in a report on Tuesday, May 6th. Northland Securities lifted their price target on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a report on Thursday, May 1st.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.