David W. Ruttenberg Sells 70,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 70,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $11.73, for a total transaction of $821,100.00. Following the transaction, the director now directly owns 277,455 shares in the company, valued at approximately $3,254,547.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Accel Entertainment Trading Up 3.0 %

NYSE:ACEL opened at $11.85 on Friday. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. The stock has a market cap of $975.73 million, a price-to-earnings ratio of 23.24 and a beta of 1.47. The company has a 50-day moving average price of $11.45 and a 200-day moving average price of $10.83. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. Greenvale Capital LLP increased its position in shares of Accel Entertainment by 7.3% during the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after purchasing an additional 398,302 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Accel Entertainment by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock worth $34,178,000 after acquiring an additional 36,316 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Accel Entertainment by 2.1% during the 2nd quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock worth $4,046,000 after acquiring an additional 8,138 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Accel Entertainment by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock worth $2,470,000 after acquiring an additional 17,929 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Accel Entertainment by 20.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock valued at $2,161,000 after buying an additional 31,502 shares in the last quarter. 55.39% of the stock is owned by institutional investors.

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.