David W. Ruttenberg Sells 25,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

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

Accel Entertainment Trading Up 1.1%

Shares of Accel Entertainment stock traded up $0.14 on Monday, reaching $12.33. 43,039 shares of the company's stock were exchanged, compared to its average volume of 288,238. The company has a market capitalization of $1.04 billion, a P/E ratio of 25.14 and a beta of 1.23. The firm's 50-day moving average is $11.64 and its two-hundred day moving average is $11.13. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.35 and a current ratio of 2.42. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Accel Entertainment

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