Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) CAO Sells 3,791 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) CAO Christen Kozlik sold 3,791 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.50, for a total value 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 approximately $52,141. This trade represents a 45.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Accel Entertainment Price Performance

NYSE:ACEL traded down $0.04 during trading hours on Wednesday, hitting $11.63. The company's stock had a trading volume of 316,531 shares, compared to its average volume of 286,054. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The stock has a fifty day simple moving average of $11.13 and a 200-day simple moving average of $11.04. The company has a market capitalization of $983.95 million, a P/E ratio of 22.79 and a beta of 1.23.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Northland Securities boosted their target price on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Macquarie restated an "outperform" rating and set a $16.00 price objective on shares of Accel Entertainment in a research report on Tuesday, May 6th.

Hedge Funds Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in shares of Accel Entertainment during the first quarter worth $35,000. Covestor Ltd increased its holdings in Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock worth $46,000 after purchasing an additional 1,051 shares in the last quarter. New York State Teachers Retirement System bought a new position in Accel Entertainment in the fourth quarter valued at about $51,000. Russell Investments Group Ltd. boosted its stake in shares of Accel Entertainment by 11,304.3% during the fourth 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Accel Entertainment by 483.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock valued at $79,000 after purchasing an additional 6,151 shares in the last quarter. Institutional investors own 55.39% of the company's stock.

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.