Karl Mr. Peterson Sells 10,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director Karl Mr. Peterson sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $11.67, for a total transaction of $116,700.00. Following the sale, the director now owns 2,468,938 shares of the company's stock, valued at $28,812,506.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Karl Mr. Peterson also recently made the following trade(s):

• On Thursday, March 21st, Karl Mr. Peterson sold 16,707 shares of Accel Entertainment stock. The shares were sold at an average price of $12.00, for a total transaction of $200,484.00.
• On Tuesday, March 19th, Karl Mr. Peterson sold 10,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.47, for a total transaction of $114,700.00.
• On Thursday, February 29th, Karl Mr. Peterson sold 30,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00.

Accel Entertainment Trading Up 0.8 %

Shares of NYSE:ACEL traded up $0.08 during mid-day trading on Thursday, hitting $11.22. The stock had a trading volume of 247,294 shares, compared to its average volume of 259,044. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.78 and a current ratio of 2.85. The company has a market cap of $939.85 million, a PE ratio of 21.16 and a beta of 1.40. Accel Entertainment, Inc. has a 12-month low of $8.28 and a 12-month high of $12.05. The company's 50 day moving average is $11.08 and its 200-day moving average is $10.57.

Accel Entertainment (NYSE:ACEL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $297.07 million during the quarter, compared to the consensus estimate of $286.32 million. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. On average, sell-side analysts predict that Accel Entertainment, Inc. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors have recently modified their holdings of the stock. Quarry LP boosted its stake in shares of Accel Entertainment by 54.3% during the 4th quarter. Quarry LP now owns 2,823 shares of the company's stock valued at $29,000 after buying an additional 993 shares during the period. UBS Group AG boosted its stake in shares of Accel Entertainment by 28,100.0% during the 3rd quarter. UBS Group AG now owns 3,666 shares of the company's stock valued at $29,000 after buying an additional 3,653 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Accel Entertainment by 154.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,838 shares of the company's stock valued at $41,000 after purchasing an additional 2,332 shares during the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of Accel Entertainment in the 4th quarter valued at $50,000. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Accel Entertainment by 87.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company's stock valued at $111,000 after purchasing an additional 4,257 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company's stock.

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.