Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells 25,000 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $11.30, for a total transaction of $282,500.00. Following the transaction, the director now directly owns 285,635 shares of the company's stock, valued at approximately $3,227,675.50. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Accel Entertainment Stock Performance

NYSE:ACEL traded down $0.04 during trading hours on Tuesday, hitting $11.21. 291,109 shares of the company traded hands, compared to its average volume of 285,065. The company has a current ratio of 2.42, a quick ratio of 2.35 and a debt-to-equity ratio of 2.11. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The firm has a 50-day moving average of $11.22 and a 200 day moving average of $11.02. The stock has a market capitalization of $948.39 million, a price-to-earnings ratio of 14.23 and a beta of 1.23.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ACEL shares. Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities lifted their price target on Accel Entertainment to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ACEL. Versant Capital Management Inc bought a new position in Accel Entertainment during the first quarter valued at about $35,000. Covestor Ltd grew its holdings in shares of Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock worth $46,000 after purchasing an additional 1,051 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Accel Entertainment during the fourth quarter valued at approximately $51,000. Russell Investments Group Ltd. raised its stake in shares of Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock valued at $56,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Accel Entertainment by 483.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock valued at $79,000 after purchasing an additional 6,151 shares in the last quarter. Institutional investors and hedge funds 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.

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