Accel Entertainment (NYSE:ACEL) Insider Sells $57,500.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.50, for a total transaction of $57,500.00. Following the completion of the sale, the insider directly owned 199,917 shares in the company, valued at approximately $2,299,045.50. This trade represents a 2.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Trading Down 0.6%

Shares of Accel Entertainment stock traded down $0.07 during trading on Monday, reaching $11.63. 395,652 shares of the stock were exchanged, compared to its average volume of 357,331. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12. The firm has a market cap of $967.82 million, a price-to-earnings ratio of 23.26 and a beta of 1.07. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $13.27. The stock’s fifty day moving average is $10.47 and its 200 day moving average is $11.14.

Analysts Set New Price Targets

ACEL has been the topic of several research analyst reports. Citigroup began coverage on Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating on the stock. Citizens Jmp began coverage on shares of Accel Entertainment in a report on Friday, December 5th. They issued a “market outperform” rating and a $13.00 price target on the stock. Zacks Research lowered shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. JMP Securities set a $13.00 price target on shares of Accel Entertainment in a research report on Friday, December 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.00.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in ACEL. CIBC Bancorp USA Inc. purchased a new stake in shares of Accel Entertainment in the 3rd quarter worth approximately $4,368,000. PharVision Advisers LLC bought a new stake in Accel Entertainment in the third quarter worth $259,000. Qube Research & Technologies Ltd grew its stake in shares of Accel Entertainment by 36.9% in the third quarter. Qube Research & Technologies Ltd now owns 340,421 shares of the company’s stock worth $3,768,000 after acquiring an additional 91,705 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Accel Entertainment by 625.2% during the third quarter. Millennium Management LLC now owns 318,383 shares of the company’s stock valued at $3,524,000 after acquiring an additional 274,480 shares in the last quarter. Finally, Moore Capital Management LP purchased a new position in shares of Accel Entertainment in the 3rd quarter worth about $277,000. 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.