Insider Selling: Accel Entertainment (NYSE:ACEL) Director Sells 10,000 Shares of Stock

Key Points

• Director David Ruttenberg sold 10,000 shares on March 10 at an average price of $11.53 for total proceeds of $115,300, a transaction disclosed in an SEC filing.
• Accel beat the quarter: it reported $0.19 EPS versus a $0.15 consensus and revenue of $341.45 million versus $335.66 million, while the stock recently traded around $11.44 (52-week range $9.02–$13.31).
• Analyst sentiment is broadly positive — MarketBeat shows a "Moderate Buy" consensus with a target price of $14.75 (five Buy ratings, two Holds), and institutional investors own about 55.39% of the stock.

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David Ruttenberg sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $11.53, for a total value of $115,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Accel Entertainment Stock Down 0.4%

Shares of NYSE:ACEL traded down $0.04 during trading on Tuesday, hitting $11.44. 554,478 shares of the company were exchanged, compared to its average volume of 459,669. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $13.31. The stock has a market cap of $951.67 million, a price-to-earnings ratio of 19.06 and a beta of 1.05. The company has a current ratio of 2.61, a quick ratio of 2.55 and a debt-to-equity ratio of 2.11. The firm has a fifty day moving average price of $11.34 and a two-hundred day moving average price of $10.96.

Accel Entertainment (NYSE:ACEL - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%.The company had revenue of $341.45 million during the quarter, compared to the consensus estimate of $335.66 million. As a group, research analysts anticipate that Accel Entertainment, Inc. will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Accel Entertainment

Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its stake in Accel Entertainment by 105.6% in the 4th quarter. Hsbc Holdings PLC now owns 118,610 shares of the company's stock valued at $1,352,000 after buying an additional 60,917 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Accel Entertainment during the fourth quarter worth approximately $131,000. EP Wealth Advisors LLC acquired a new stake in Accel Entertainment during the fourth quarter worth approximately $255,000. Empowered Funds LLC bought a new stake in shares of Accel Entertainment during the fourth quarter worth approximately $1,032,000. Finally, XTX Topco Ltd bought a new stake in shares of Accel Entertainment during the fourth quarter worth approximately $410,000. 55.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ACEL shares. Citizens Jmp lifted their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a "market outperform" rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded shares of Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, March 5th. Citigroup initiated coverage on Accel Entertainment in a report on Friday, December 5th. They set an "outperform" rating for the company. Finally, Truist Financial boosted their price target on Accel Entertainment from $13.00 to $14.00 and gave the stock a "hold" rating in a research report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.75.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.

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