Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $302,250.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $12.09, for a total value of $302,250.00. Following the transaction, the director directly owned 273,135 shares in the company, valued at approximately $3,302,202.15. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Accel Entertainment Trading Up 1.8%

NYSE:ACEL traded up $0.22 on Thursday, hitting $12.26. 227,743 shares of the stock were exchanged, compared to its average volume of 288,290. The company has a current ratio of 2.42, a quick ratio of 2.35 and a debt-to-equity ratio of 2.11. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96. The stock has a fifty day moving average of $11.62 and a 200-day moving average of $11.11. The stock has a market cap of $1.04 billion, a PE ratio of 25.02 and a beta of 1.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ACEL shares. Northland Securities increased 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. Macquarie reissued an "outperform" rating and issued a $16.00 price target on shares of Accel Entertainment in a research note on Tuesday, May 6th.

Institutional Trading of Accel Entertainment

A number of hedge funds have recently made changes to their positions in ACEL. Versant Capital Management Inc purchased a new position in shares of Accel Entertainment during the 1st quarter valued at approximately $35,000. Covestor Ltd raised its holdings in shares of Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after buying an additional 1,051 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock worth $56,000 after purchasing an additional 5,200 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Accel Entertainment by 483.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock valued at $79,000 after buying an additional 6,151 shares in the last quarter. Finally, Trifecta Capital Advisors LLC grew its position in Accel Entertainment by 437.9% in the 1st quarter. Trifecta Capital Advisors LLC now owns 9,144 shares of the company's stock valued at $91,000 after buying an additional 7,444 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company's stock.

About Accel Entertainment

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.

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