David Ruttenberg Sells 25,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.19, for a total value of $279,750.00. Following the completion of the transaction, the director owned 223,135 shares of the company’s stock, valued at $2,496,880.65. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Accel Entertainment Trading Down 0.3%

Accel Entertainment stock opened at $11.01 on Thursday. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $13.27. The firm’s 50 day moving average price is $10.33 and its 200-day moving average price is $11.14. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. The stock has a market cap of $915.81 million, a P/E ratio of 22.01 and a beta of 1.07.

Analysts Set New Price Targets

Several brokerages have commented on ACEL. Zacks Research cut shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Accel Entertainment in a report on Monday. Macquarie reissued an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a research note on Wednesday, November 5th. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Citigroup initiated coverage on Accel Entertainment in a research note on Friday, December 5th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Accel Entertainment during the third quarter worth approximately $49,000. CWM LLC boosted its holdings in shares of Accel Entertainment by 151.7% in the 2nd 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 position 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 increased its position 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, Jacobs Levy Equity Management Inc. purchased a new stake in Accel Entertainment during the 1st quarter valued at $110,000. 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.