Weiss Ratings Reaffirms Hold (C) Rating for Accel Entertainment (NYSE:ACEL)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Accel Entertainment (NYSE:ACEL) while analysts have shown mixed sentiments with updates ranging from "strong-buy" to "hold".
• Accel Entertainment's stock is currently trading at $10.50, down 0.3%, with a consensus price target of $15.50.
• Recent insider activity includes Director David W. Ruttenberg selling 25,000 shares at an average price of $11.11, reducing ownership by 9.15%.

Accel Entertainment (NYSE:ACEL - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

ACEL has been the subject of a number of other reports. Wall Street Zen raised Accel Entertainment from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 29th. Zacks Research cut Accel Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Accel Entertainment Stock Down 0.3%

NYSE ACEL traded down $0.04 during trading hours on Friday, hitting $10.50. 82,625 shares of the company traded hands, compared to its average volume of 346,579. The business's 50-day moving average is $11.03 and its 200-day moving average is $11.36. Accel Entertainment has a twelve month low of $9.02 and a twelve month high of $13.27. The company has a debt-to-equity ratio of 2.15, a quick ratio of 2.56 and a current ratio of 2.64. The stock has a market capitalization of $884.62 million, a price-to-earnings ratio of 26.24 and a beta of 1.09.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $11.11, for a total transaction of $277,750.00. Following the transaction, the director owned 248,135 shares in the company, valued at approximately $2,756,779.85. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.33% of the company's stock.

Hedge Funds Weigh In On Accel Entertainment

Large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of Accel Entertainment during the third quarter worth approximately $49,000. CWM LLC increased its stake in shares of Accel Entertainment by 151.7% during the second quarter. CWM LLC now owns 4,992 shares of the company's stock worth $59,000 after purchasing an additional 3,009 shares during the period. Osaic Holdings Inc. increased its stake in shares of Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company's stock worth $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Accel Entertainment by 195.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company's stock worth $84,000 after purchasing an additional 4,700 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Accel Entertainment during the first quarter worth approximately $101,000. Institutional investors 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.

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