Derek Harmer Sells 20,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 20,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $260,000.00. Following the sale, the insider directly owned 187,827 shares of the company’s stock, valued at approximately $2,441,751. This represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock traded down $0.18 during trading hours on Monday, hitting $13.02. 510,019 shares of the company’s stock traded hands, compared to its average volume of 365,329. Accel Entertainment, Inc. has a 12-month low of $9.55 and a 12-month high of $14.00. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.71 and a beta of 1.01. The company has a fifty day simple moving average of $11.90 and a 200-day simple moving average of $11.43. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64.

Accel Entertainment (NYSE:ACEL) last announced its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%.The firm had revenue of $351.56 million during the quarter, compared to analyst estimates of $342.88 million. Equities research analysts anticipate that Accel Entertainment, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

ACEL has been the subject of several research analyst reports. Weiss Ratings lowered Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Citizens Jmp lifted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Truist Financial lifted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Finally, Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Accel Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $14.67.

Institutional Investors Weigh In On Accel Entertainment

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after acquiring an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in 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 buying an additional 4,700 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Accel Entertainment during the 4th quarter valued at about $118,000. Jacobs Levy Equity Management Inc. purchased a new position in Accel Entertainment during the 1st quarter valued at about $110,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Accel Entertainment during the 4th quarter valued at about $131,000. Hedge funds and other institutional investors 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.