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 firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the completion of the transaction, the insider now directly owns 202,880 shares of the company's stock, valued at $2,333,120. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 16th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was 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 value of $52,500.00.

Accel Entertainment Price Performance

NYSE:ACEL traded up $0.05 during trading hours on Friday, hitting $11.88. 430,674 shares of the company's stock traded hands, compared to its average volume of 287,551. The firm has a market cap of $1.01 billion, a P/E ratio of 24.24 and a beta of 1.23. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The business's fifty day simple moving average is $11.31 and its two-hundred day simple moving average is $11.00. The company has a quick ratio of 2.35, a current ratio of 2.42 and a debt-to-equity ratio of 2.11.

Institutional Investors Weigh In On Accel Entertainment

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new stake in Accel Entertainment during the first quarter worth about $35,000. Covestor Ltd lifted its stake 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 purchasing an additional 1,051 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Accel Entertainment during the fourth quarter worth about $51,000. Russell Investments Group Ltd. lifted its stake in Accel Entertainment by 11,304.3% during the fourth 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% during the fourth 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 during the last quarter. Institutional investors own 55.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Macquarie reissued an "outperform" rating and set a $16.00 price objective on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities lifted their price objective on Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st.

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.