Accel Entertainment (NYSE:ACEL) Director Sells $289,500.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 25,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $11.58, for a total transaction of $289,500.00. Following the sale, the director owned 210,635 shares in the company, valued at approximately $2,439,153.30. The trade was a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Accel Entertainment Stock Down 0.8%

Shares of ACEL traded down $0.09 during midday trading on Friday, hitting $11.55. The stock had a trading volume of 277,822 shares, compared to its average volume of 380,328. The firm has a market cap of $961.08 million, a price-to-earnings ratio of 23.10 and a beta of 1.08. The company has a 50 day simple moving average of $10.86 and a two-hundred day simple moving average of $11.15. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $13.27.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Macquarie reissued an “outperform” rating and issued a $16.00 price objective on shares of Accel Entertainment in a report on Wednesday, November 5th. JMP Securities set a $13.00 target price on Accel Entertainment in a research note on Friday, December 5th. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Truist Financial started coverage on Accel Entertainment in a report on Tuesday, December 16th. They set a “hold” rating and a $13.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Accel Entertainment in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ACEL. Hill Path Capital LP bought a new stake in shares of Accel Entertainment in the second quarter valued at approximately $32,828,000. CIBC Bancorp USA Inc. bought a new stake in shares of Accel Entertainment during the 3rd quarter valued at $4,368,000. Millennium Management LLC grew its holdings in shares of Accel Entertainment by 252.5% during the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after purchasing an additional 359,948 shares in the last quarter. Visualize Group LP acquired a new stake in shares of Accel Entertainment during the 3rd quarter worth $2,280,000. Finally, Midwest Trust Co bought a new position in shares of Accel Entertainment in the second quarter worth $2,057,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.