Derek Harmer Sells 5,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 5,000 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $11.36, for a total value of $56,800.00. Following the sale, the insider now directly owns 207,880 shares in the company, valued at $2,361,516.80. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were 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 transaction of $52,500.00.

Accel Entertainment Trading Down 0.1%

ACEL stock traded down $0.01 during trading on Friday, hitting $11.26. The company had a trading volume of 413,691 shares, compared to its average volume of 285,984. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96. 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 stock has a market cap of $953.30 million, a price-to-earnings ratio of 22.99 and a beta of 1.23. The firm has a 50-day moving average price of $11.25 and a 200-day moving average price of $11.02.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ACEL shares. Northland Securities upped their target price on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Macquarie reaffirmed an "outperform" rating and issued a $16.00 price target 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. Man Group plc grew its position in shares of Accel Entertainment by 242.1% in the fourth quarter. Man Group plc now owns 93,180 shares of the company's stock valued at $995,000 after purchasing an additional 65,939 shares in the last quarter. JPMorgan Chase & Co. increased 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 in the last quarter. Northern Trust Corp increased its holdings in Accel Entertainment by 11.1% during the fourth quarter. Northern Trust Corp now owns 488,463 shares of the company's stock valued at $5,217,000 after buying an additional 48,639 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Accel Entertainment during the fourth quarter worth about $1,228,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Accel Entertainment in the 4th quarter valued at about $369,000. 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.