Derek Harmer Sells 10,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.11, for a total value of $111,100.00. Following the transaction, the insider owned 204,917 shares of the company’s stock, valued at $2,276,627.87. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Accel Entertainment Stock Performance

Shares of ACEL opened at $11.01 on Thursday. The firm’s fifty day simple moving average is $10.33 and its two-hundred day simple moving average is $11.14. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $13.27. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $915.81 million, a P/E ratio of 22.01 and a beta of 1.07.

Institutional Trading of Accel Entertainment

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in shares of Accel Entertainment in the third quarter worth about $49,000. CWM LLC boosted its stake in shares of Accel Entertainment by 151.7% during 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. raised its holdings in shares of Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after buying an additional 4,608 shares during the period. Tower Research Capital LLC TRC increased its stake in Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after buying an additional 4,700 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Accel Entertainment during the first quarter valued at approximately $110,000. 55.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday. Truist Financial started coverage on shares of Accel Entertainment in a research note on Tuesday. They issued a “hold” rating and a $13.00 price target for the company. Citigroup started coverage on Accel Entertainment in a report on Friday, December 5th. They set an “outperform” rating on the stock. Macquarie reissued an “outperform” rating and issued a $16.00 price target on shares of Accel Entertainment in a research note on Wednesday, November 5th. Finally, JMP Securities set a $13.00 target price on shares of Accel Entertainment in a report on Friday, December 5th. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.