Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $293,250.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $11.73, for a total value of $293,250.00. Following the transaction, the director now owns 298,135 shares of the company’s stock, valued at $3,497,123.55. This trade represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Accel Entertainment Stock Performance

Accel Entertainment stock opened at $11.72 on Monday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. The company has a market capitalization of $992.25 million, a PE ratio of 22.99 and a beta of 1.22. The company has a 50 day moving average price of $10.65 and a 200-day moving average price of $11.06. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96.

Wall Street Analyst Weigh In

ACEL has been the subject of several recent analyst reports. Northland Securities boosted their target price on Accel Entertainment to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Macquarie restated an “outperform” rating and set a $16.00 target price on shares of Accel Entertainment in a research report on Tuesday, May 6th.

Institutional Trading of Accel Entertainment

A number of large investors have recently modified their holdings of ACEL. Barclays PLC boosted its holdings in shares of Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after purchasing an additional 57,666 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Accel Entertainment by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after purchasing an additional 3,355 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Accel Entertainment by 34.8% in the fourth quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock valued at $422,000 after purchasing an additional 10,194 shares during the period. R Squared Ltd purchased a new stake in shares of Accel Entertainment in the fourth quarter valued at approximately $91,000. Finally, Legato Capital Management LLC boosted its holdings in shares of Accel Entertainment by 33.4% in the fourth quarter. Legato Capital Management LLC now owns 16,842 shares of the company’s stock valued at $180,000 after purchasing an additional 4,219 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

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.