Accel Entertainment's (ACEL) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Accel Entertainment received a "hold (c)" rating reaffirmation from Weiss Ratings, indicating analysts' cautious optimism regarding the stock's performance.
• The company's stock has seen mixed ratings from analysts, with Wall Street Zen upgrading it to a "strong-buy" while Zacks Research downgraded it to a "hold," leading to a consensus rating of "Moderate Buy."
• Accel Entertainment's current stock price is $10.43, down 0.08 during trading, with a market capitalization of $878.72 million and a debt-to-equity ratio of 2.15.

Accel Entertainment (NYSE:ACEL - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also issued research reports about the company. Wall Street Zen upgraded Accel Entertainment from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 29th. Zacks Research lowered shares of Accel Entertainment from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Accel Entertainment Stock Performance

Accel Entertainment stock traded down $0.08 during trading on Wednesday, reaching $10.43. The company had a trading volume of 72,912 shares, compared to its average volume of 348,137. The company has a current ratio of 2.64, a quick ratio of 2.56 and a debt-to-equity ratio of 2.15. The firm's 50-day simple moving average is $11.34 and its 200 day simple moving average is $11.34. The firm has a market capitalization of $878.72 million, a price-to-earnings ratio of 26.06 and a beta of 1.09. Accel Entertainment has a 52 week low of $9.02 and a 52 week high of $13.27.

Insider Buying and Selling

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $11.11, for a total value of $277,750.00. Following the sale, the director owned 248,135 shares of the company's stock, valued at $2,756,779.85. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 75,000 shares of company stock worth $857,500 over the last quarter. 18.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors have recently modified their holdings of ACEL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Accel Entertainment by 15.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,064 shares of the company's stock valued at $706,000 after buying an additional 9,039 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Accel Entertainment by 2,599.2% in the first quarter. GAMMA Investing LLC now owns 13,739 shares of the company's stock valued at $1,385,000 after buying an additional 13,230 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in Accel Entertainment by 437.9% during the first quarter. Trifecta Capital Advisors LLC now owns 9,144 shares of the company's stock worth $91,000 after purchasing an additional 7,444 shares during the last quarter. New York State Common Retirement Fund increased its position in Accel Entertainment by 180.2% during the first quarter. New York State Common Retirement Fund now owns 39,650 shares of the company's stock worth $393,000 after purchasing an additional 25,500 shares during the last quarter. Finally, Hohimer Wealth Management LLC increased its position in Accel Entertainment by 5.4% during the first quarter. Hohimer Wealth Management LLC now owns 18,699 shares of the company's stock worth $185,000 after purchasing an additional 961 shares during the last quarter. Institutional investors and hedge funds 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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