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 company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $11.30, for a total value of $282,500.00. Following the transaction, the director now directly owns 285,635 shares of the company's stock, valued at $3,227,675.50. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Accel Entertainment Stock Performance

Shares of NYSE:ACEL traded down $0.01 on Friday, hitting $11.26. The company's stock had a trading volume of 413,691 shares, compared to its average volume of 285,984. The company has a market capitalization of $953.30 million, a price-to-earnings ratio of 22.99 and a beta of 1.23. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.35 and a current ratio of 2.42. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96. The stock's 50-day moving average is $11.25 and its two-hundred day moving average is $11.02.

Institutional Trading of Accel Entertainment

A number of institutional investors have recently made changes to their positions in ACEL. Versant Capital Management Inc acquired a new position in shares of Accel Entertainment during the first quarter valued at approximately $35,000. Covestor Ltd boosted its stake in Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after buying an additional 1,051 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Accel Entertainment during the fourth quarter worth about $51,000. Russell Investments Group Ltd. raised its position in Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock worth $56,000 after acquiring an additional 5,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Accel Entertainment by 483.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock worth $79,000 after acquiring an additional 6,151 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACEL. Northland Securities raised their target price on Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Accel Entertainment in a research 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.