Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells 25,000 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.68, for a total value of $292,000.00. Following the completion of the sale, the director now directly owns 398,135 shares of the company’s stock, valued at $4,650,216.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Accel Entertainment Stock Up 2.0 %

Shares of ACEL traded up $0.24 during trading hours on Tuesday, reaching $11.98. 178,625 shares of the stock traded hands, compared to its average volume of 259,390. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.61. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57. The stock has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $10.84. The company has a market cap of $990.03 million, a price-to-earnings ratio of 23.49 and a beta of 1.47.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $309.41 million for the quarter, compared to analysts’ expectations of $302.24 million. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. On average, equities analysts forecast that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd increased its position in shares of Accel Entertainment by 31,840.0% during the 1st quarter. Covestor Ltd now owns 3,194 shares of the company’s stock valued at $38,000 after purchasing an additional 3,184 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Accel Entertainment during the 4th quarter valued at approximately $50,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $52,000. Quarry LP grew its holdings in Accel Entertainment by 268.4% during the second quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after purchasing an additional 6,296 shares during the period. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Accel Entertainment in the first quarter valued at $169,000. 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.