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

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 5,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the transaction, the insider now directly owns 202,880 shares in the company, valued at approximately $2,333,120. The trade was a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, June 16th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.36, for a total value of $56,800.00.
• On Wednesday, April 9th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00.

Accel Entertainment Stock Performance

NYSE ACEL traded up $0.19 during trading on Thursday, reaching $11.83. The company's stock had a trading volume of 325,467 shares, compared to its average volume of 286,113. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 24.13 and a beta of 1.23. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The business's fifty day moving average price is $11.28 and its 200-day moving average price is $11.01. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.35 and a current ratio of 2.42.

Institutional Trading of Accel Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new stake in Accel Entertainment during the first quarter worth $35,000. Covestor Ltd raised its position in Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company's stock worth $46,000 after acquiring an additional 1,051 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Accel Entertainment in the fourth quarter valued at about $51,000. Russell Investments Group Ltd. raised its position in shares of Accel Entertainment by 11,304.3% during 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 during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake 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 valued at $79,000 after buying an additional 6,151 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company's stock.

Analysts Set New Price Targets

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

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.