Accel Entertainment, Inc. (NYSE:ACEL) CAO Christen Kozlik Sells 3,791 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) CAO Christen Kozlik sold 3,791 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $11.50, for a total value of $43,596.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,534 shares in the company, valued at approximately $52,141. This represents a 45.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Accel Entertainment Trading Up 1.9%

Shares of Accel Entertainment stock opened at $11.66 on Wednesday. The firm has a market cap of $986.49 million, a price-to-earnings ratio of 22.85 and a beta of 1.23. The business has a 50-day moving average price of $11.09 and a 200-day moving average price of $11.03. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Accel Entertainment by 34.6% during 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 in the last quarter. Man Group plc grew its position in Accel Entertainment by 242.1% in the fourth quarter. Man Group plc now owns 93,180 shares of the company’s stock worth $995,000 after acquiring an additional 65,939 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Accel Entertainment by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock worth $5,163,000 after acquiring an additional 199,092 shares during the last quarter. Northern Trust Corp increased its stake in Accel Entertainment by 11.1% during the fourth quarter. Northern Trust Corp now owns 488,463 shares of the company’s stock worth $5,217,000 after acquiring an additional 48,639 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Accel Entertainment during the fourth quarter worth approximately $1,228,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ACEL. Macquarie reissued an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a report on Tuesday, May 6th. Northland Securities raised their price target on Accel Entertainment to $15.00 and gave the company a “buy” rating in a report on Thursday, May 1st.

About Accel Entertainment

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.