Accel Entertainment (NYSE:ACEL) Director Sells $277,500.00 in Stock

Key Points

• David W. Ruttenberg, a director at Accel Entertainment, sold 25,000 shares of the company's stock for a total of $277,500, reducing his ownership by 8.75% to 260,635 shares.
• Accel Entertainment's stock is currently trading at $11.22, with a fifty-two week high of $13.27 and a market capitalization of approximately $945.31 million.
• Recent analyst reports have set target prices for Accel Entertainment at $15.00 by Northland Securities and $16.00 by Macquarie, both maintaining a “buy” or "outperform" rating.

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.10, for a total transaction of $277,500.00. Following the transaction, the director owned 260,635 shares of the company's stock, valued at $2,893,048.50. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Accel Entertainment Stock Up 2.5%

Shares of ACEL traded up $0.2790 during trading hours on Friday, reaching $11.5990. 441,007 shares of the stock traded hands, compared to its average volume of 436,019. 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 stock has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $11.30. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $13.27. The company has a market cap of $977.68 million, a price-to-earnings ratio of 29.00 and a beta of 1.32.

Institutional Investors Weigh In On Accel Entertainment

A number of institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc bought a new stake in Accel Entertainment during the 1st quarter valued at $35,000. CWM LLC raised its holdings in Accel Entertainment by 151.7% in the 2nd quarter. CWM LLC now owns 4,992 shares of the company's stock worth $59,000 after purchasing an additional 3,009 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Accel Entertainment by 11,304.3% in the 4th 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 raised its holdings in Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company's stock worth $84,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings 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 worth $79,000 after purchasing an additional 6,151 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ACEL shares. 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. Northland Securities boosted their price target on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Accel Entertainment presently has a consensus rating of "Buy" and an average price target of $15.50.

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.