Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells 2,005 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 2,005 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $10.50, for a total transaction of $21,052.50. Following the completion of the sale, the director now directly owns 428,554 shares in the company, valued at $4,499,817. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Accel Entertainment Stock Up 2.9 %

ACEL stock opened at $10.90 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.76 and a debt-to-equity ratio of 2.53. The company’s 50 day moving average is $10.08 and its 200 day moving average is $10.60. The stock has a market cap of $912.88 million, a price-to-earnings ratio of 21.37 and a beta of 1.47. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.05.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $301.82 million for the quarter, compared to analysts’ expectations of $297.77 million. Accel Entertainment had a net margin of 3.72% and a return on equity of 36.88%. Sell-side analysts predict that Accel Entertainment, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACEL. Covestor Ltd grew its position in Accel Entertainment by 31,840.0% during the first quarter. Covestor Ltd now owns 3,194 shares of the company’s stock valued at $38,000 after acquiring an additional 3,184 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Accel Entertainment by 36.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,775 shares of the company’s stock valued at $152,000 after acquiring an additional 3,917 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Accel Entertainment during the first quarter valued at approximately $52,000. Campbell & CO Investment Adviser LLC grew its position in Accel Entertainment by 4.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 123,459 shares of the company’s stock valued at $1,268,000 after acquiring an additional 4,815 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new position in Accel Entertainment during the fourth quarter valued at approximately $50,000. 55.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Accel Entertainment from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th.

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.