Derek Harmer Sells 2,092 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 2,092 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $11.45, for a total transaction of $23,953.40. Following the sale, the insider owned 199,963 shares of the company’s stock, valued at $2,289,576.35. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Derek Harmer also recently made the following trade(s):

• On Tuesday, December 23rd, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.50, for a total transaction of $57,500.00.
• On Monday, December 15th, Derek Harmer sold 10,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.11, for a total transaction of $111,100.00.

Accel Entertainment Stock Down 0.3%

Shares of NYSE ACEL opened at $11.29 on Friday. The stock has a market capitalization of $920.84 million, a P/E ratio of 18.82 and a beta of 1.05. The company has a 50-day moving average price of $11.34 and a 200-day moving average price of $10.96. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $13.31. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, March 3rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. The company had revenue of $341.45 million during the quarter, compared to the consensus estimate of $335.66 million. On average, equities research analysts forecast that Accel Entertainment, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup assumed coverage on Accel Entertainment in a research note on Friday, December 5th. They issued an “outperform” rating for the company. Citizens Jmp lifted their target price on Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Finally, Truist Financial increased their price target on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

Institutional Investors Weigh In On Accel Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACEL. State of Alaska Department of Revenue bought a new position in shares of Accel Entertainment during the 3rd quarter worth approximately $49,000. Osaic Holdings Inc. grew 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 valued at $66,000 after acquiring an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after acquiring an additional 4,700 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Accel Entertainment during the first quarter valued at approximately $110,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Accel Entertainment during the fourth quarter valued at approximately $118,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

About Accel Entertainment

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.