Accel Entertainment (NYSE:ACEL) Insider Sells $111,100.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 10,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $11.11, for a total transaction of $111,100.00. Following the completion of the transaction, the insider directly owned 204,917 shares in the company, valued at $2,276,627.87. The trade was a 4.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Accel Entertainment Price Performance

Shares of NYSE ACEL traded down $0.22 during mid-day trading on Tuesday, reaching $11.04. 513,168 shares of the company were exchanged, compared to its average volume of 352,099. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $13.27. The company’s 50 day moving average price is $10.31 and its 200 day moving average price is $11.15. The stock has a market capitalization of $918.62 million, a PE ratio of 22.08 and a beta of 1.07. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Accel Entertainment in the 3rd quarter worth approximately $49,000. CWM LLC boosted its stake in shares of Accel Entertainment by 151.7% during the second quarter. CWM LLC now owns 4,992 shares of the company’s stock valued at $59,000 after purchasing an additional 3,009 shares during the period. 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 worth $66,000 after purchasing an additional 4,608 shares during 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 worth $84,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Accel Entertainment in the first quarter worth $110,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citizens Jmp started coverage on Accel Entertainment in a research note on Friday, December 5th. They set a “market outperform” rating and a $13.00 price target for the company. Truist Financial initiated coverage on Accel Entertainment in a report on Tuesday. They set a “hold” rating and a $13.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday. Macquarie reiterated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Wednesday, November 5th. Finally, Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.