Accel Entertainment (NYSE:ACEL) CAO Christen Kozlik Sells 3,600 Shares of Company Stock

Accel Entertainment, Inc. (NYSE:ACEL) CAO Christen Kozlik sold 3,600 shares of the company’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $13.80, for a total transaction of $49,680.00. Following the completion of the sale, the chief accounting officer owned 15,746 shares in the company, valued at approximately $217,294.80. This trade represents a 18.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Christen Kozlik also recently made the following trade(s):

• On Tuesday, September 15th, Christen Kozlik sold 550 shares of Accel Entertainment stock. The stock was sold at an average price of $11.55, for a total transaction of $6,352.50.

Accel Entertainment Stock Down 2.1%

NYSE:ACEL traded down $0.29 during mid-day trading on Friday, reaching $13.54. The stock had a trading volume of 461,560 shares, compared to its average volume of 623,735. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.81 and a beta of 1.09. Accel Entertainment, Inc. has a 1-year low of $9.55 and a 1-year high of $14.08. The stock’s 50 day simple moving average is $11.60 and its two-hundred day simple moving average is $11.80. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.27 and a quick ratio of 2.20.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. Accel Entertainment had a return on equity of 22.62% and a net margin of 4.49%. The firm had revenue of $363.56 million during the quarter, compared to analyst estimates of $358.62 million. Equities analysts anticipate that Accel Entertainment, Inc. will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Accel Entertainment by 63.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after purchasing an additional 421,047 shares during the period. Globeflex Capital L P bought a new stake in shares of Accel Entertainment in the 2nd quarter worth approximately $3,894,000. Lazard Asset Management LLC lifted its holdings in shares of Accel Entertainment by 17.1% in the 1st quarter. Lazard Asset Management LLC now owns 298,515 shares of the company’s stock worth $3,257,000 after purchasing an additional 43,663 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Accel Entertainment during the 2nd quarter valued at approximately $2,643,000. Finally, First Trust Advisors LP boosted its position in Accel Entertainment by 43.0% during the 1st quarter. First Trust Advisors LP now owns 203,057 shares of the company’s stock valued at $2,215,000 after purchasing an additional 61,098 shares during the period. 55.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Accel Entertainment from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Truist Financial lowered their target price on shares of Accel Entertainment from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Tuesday, October 20th. Citigroup reissued a “market outperform” rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Wells Fargo & Company assumed coverage on shares of Accel Entertainment in a research report on Friday, August 21st. They issued an “equal weight” rating and a $14.00 price target on the stock. Finally, Citizens Jmp lifted their price target on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Accel Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

About Accel Entertainment

Accel Entertainment, Inc. is a distributed gaming operator that supplies and manages video gaming terminals and related equipment at licensed locations. Its gaming machines are typically placed in bars, restaurants and other local businesses that share in the revenue generated by play. The company provides services such as installing, maintaining and monitoring its equipment, along with support for the regulatory requirements involved in operating gaming terminals. Accel’s business model gives local venues access to gaming without requiring them to manage the machines themselves.