Accel Entertainment (NYSE:ACEL) CAO Christen Kozlik Sells 3,600 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) CAO Christen Kozlik sold 3,600 shares of the company’s stock in a transaction on Friday, November 13th. The stock was sold at an average price of $13.80, for a total value of $49,680.00. Following the sale, the chief accounting officer owned 15,746 shares of the company’s stock, valued at $217,294.80. The trade was a 18.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Christen Kozlik also recently made the following trade(s):

• On Tuesday, September 15th, Christen Kozlik sold 550 shares of Accel Entertainment stock. The shares were sold at an average price of $11.55, for a total value of $6,352.50.

Accel Entertainment Price Performance

Shares of ACEL stock traded down $0.29 during trading hours on Friday, reaching $13.54. The company’s stock had a trading volume of 461,560 shares, compared to its average volume of 623,735. Accel Entertainment, Inc. has a fifty-two week low of $9.55 and a fifty-two week high of $14.08. The firm’s 50 day simple moving average is $11.60 and its 200-day simple moving average is $11.80. The company has a quick ratio of 2.20, a current ratio of 2.27 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.81 and a beta of 1.09.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Accel Entertainment had a return on equity of 22.62% and a net margin of 4.49%. The company had revenue of $363.56 million during the quarter, compared to analysts’ expectations of $358.62 million. Sell-side analysts forecast that Accel Entertainment, Inc. will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On Accel Entertainment

Several large investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Accel Entertainment by 61.5% during the third quarter. Versant Capital Management Inc now owns 6,676 shares of the company’s stock worth $71,000 after purchasing an additional 2,542 shares during the period. USA Financial Formulas bought a new position in shares of Accel Entertainment in the 3rd quarter worth $41,000. State Board of Administration of Florida Retirement System grew its position in Accel Entertainment by 39.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 21,476 shares of the company’s stock valued at $229,000 after purchasing an additional 6,066 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Accel Entertainment in the 3rd quarter valued at $128,000. Finally, R Squared Ltd grew its position in Accel Entertainment by 52.2% in the 3rd quarter. R Squared Ltd now owns 39,925 shares of the company’s stock valued at $426,000 after purchasing an additional 13,686 shares during the period. 55.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ACEL. Wells Fargo & Company started coverage on Accel Entertainment in a research note on Friday, August 21st. They set an “equal weight” rating and a $14.00 target price for the company. National Bank Financial set a $15.00 target price on shares of Accel Entertainment in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Accel Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Citigroup reaffirmed a “market outperform” rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Finally, Citizens Jmp lifted their price target on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Accel Entertainment Company Profile

Accel Entertainment, Inc. is a distributed gaming operator that supplies and manages video gaming terminals and related equipment at licensed locations. Its gaming machines are typically placed in bars, restaurants and other local businesses that share in the revenue generated by play. The company provides services such as installing, maintaining and monitoring its equipment, along with support for the regulatory requirements involved in operating gaming terminals. Accel’s business model gives local venues access to gaming without requiring them to manage the machines themselves.