Accel Entertainment (NYSE:ACEL) Trading Up 2%

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) shares traded up 2% during mid-day trading on Tuesday . The stock traded as high as $11.13 and last traded at $11.13. 77,799 shares were traded during mid-day trading, a decline of 69% from the average session volume of 254,829 shares. The stock had previously closed at $10.91.

Accel Entertainment Stock Up 3.1 %

The company has a market capitalization of $942.36 million, a P/E ratio of 21.26 and a beta of 1.40. The stock's fifty day moving average is $11.12 and its 200 day moving average is $10.57. The company has a current ratio of 2.85, a quick ratio of 2.78 and a debt-to-equity ratio of 2.59.

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

Insider Buying and Selling at Accel Entertainment

In related news, Director David W. Ruttenberg sold 16,167 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $10.03, for a total transaction of $162,155.01. Following the transaction, the director now owns 490,378 shares in the company, valued at $4,918,491.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Accel Entertainment news, Director David W. Ruttenberg sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $10.28, for a total transaction of $205,600.00. Following the completion of the sale, the director now directly owns 466,545 shares of the company's stock, valued at $4,796,082.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David W. Ruttenberg sold 16,167 shares of the firm's stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $10.03, for a total value of $162,155.01. Following the completion of the transaction, the director now directly owns 490,378 shares in the company, valued at $4,918,491.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,874 shares of company stock worth $1,525,239. Insiders own 19.17% of the company's stock.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of Accel Entertainment by 54.3% during the fourth quarter. Quarry LP now owns 2,823 shares of the company's stock worth $29,000 after purchasing an additional 993 shares in the last quarter. UBS Group AG lifted its stake in Accel Entertainment by 28,100.0% in the 3rd quarter. UBS Group AG now owns 3,666 shares of the company's stock worth $29,000 after purchasing an additional 3,653 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Accel Entertainment by 111.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,907 shares of the company's stock valued at $31,000 after purchasing an additional 2,063 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Accel Entertainment during the 4th quarter valued at about $50,000. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Accel Entertainment by 292.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 10,985 shares of the company's stock worth $85,000 after purchasing an additional 8,185 shares during the last quarter. Institutional investors 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.