Accel Entertainment, Inc. (NYSE:ACEL) Insider Sells $56,800.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 5,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $11.36, for a total value of $56,800.00. Following the completion of the transaction, the insider now directly owns 207,880 shares of the company's stock, valued at approximately $2,361,516.80. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, March 19th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $10.00, for a total value of $50,000.00.
• On Wednesday, April 9th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $10.50, for a total value of $52,500.00.

Accel Entertainment Stock Down 0.3%

Shares of NYSE ACEL traded down $0.04 on Tuesday, hitting $11.21. The company had a trading volume of 291,109 shares, compared to its average volume of 285,065. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96. The business has a 50 day moving average of $11.22 and a two-hundred day moving average of $11.02. The company has a quick ratio of 2.35, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $948.39 million, a P/E ratio of 14.23 and a beta of 1.23.

Analyst Upgrades and Downgrades

ACEL has been the subject of a number of research reports. Northland Securities boosted their price target on 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 set a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Orvieto Partners L.P. purchased a new position in Accel Entertainment in the fourth quarter valued at about $3,951,000. Millennium Management LLC lifted its holdings in shares of Accel Entertainment by 252.5% in the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company's stock worth $4,985,000 after purchasing an additional 359,948 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Accel Entertainment by 70.0% in the 4th quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company's stock worth $5,163,000 after purchasing an additional 199,092 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Accel Entertainment by 24.7% in the 1st quarter. Invesco Ltd. now owns 912,129 shares of the company's stock worth $9,048,000 after purchasing an additional 180,868 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Accel Entertainment by 27.0% in the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company's stock worth $8,799,000 after purchasing an additional 175,112 shares during 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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