Accel Entertainment (NYSE:ACEL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.
Accel Entertainment Stock Performance
Shares of NYSE:ACEL traded up $0.16 during midday trading on Friday, hitting $11.15. The company had a trading volume of 251,362 shares, compared to its average volume of 294,330. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.64 and a quick ratio of 2.56. The company has a market cap of $939.83 million, a price-to-earnings ratio of 27.88 and a beta of 1.12. Accel Entertainment has a 12-month low of $9.02 and a 12-month high of $13.27. The company has a fifty day moving average of $11.70 and a two-hundred day moving average of $11.23.
Insider Buying and Selling at Accel Entertainment
In related news, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $11.11, for a total value of $277,750.00. Following the completion of the transaction, the director owned 248,135 shares of the company's stock, valued at approximately $2,756,779.85. This represents a 9.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Derek Harmer sold 5,000 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $11.50, for a total transaction of $57,500.00. Following the completion of the transaction, the insider directly owned 202,880 shares of the company's stock, valued at $2,333,120. This represents a 2.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,000 shares of company stock valued at $915,000 in the last ninety days. 18.33% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Accel Entertainment during the 1st quarter valued at about $35,000. CWM LLC boosted its holdings in shares of Accel Entertainment by 151.7% during the 2nd quarter. CWM LLC now owns 4,992 shares of the company's stock valued at $59,000 after purchasing an additional 3,009 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company's stock valued at $66,000 after purchasing an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company's stock valued at $84,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Trifecta Capital Advisors LLC boosted its holdings in shares of Accel Entertainment by 437.9% during the 1st quarter. Trifecta Capital Advisors LLC now owns 9,144 shares of the company's stock valued at $91,000 after purchasing an additional 7,444 shares during the last quarter. Institutional investors own 55.39% of the company's stock.
About Accel Entertainment
(
Get Free Report)
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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