David W. Ruttenberg Sells 25,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.55, for a total value of $288,750.00. Following the sale, the director now directly owns 373,135 shares of the company’s stock, valued at approximately $4,309,709.25. This trade represents a 6.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Accel Entertainment Trading Down 0.1 %

NYSE:ACEL opened at $11.41 on Thursday. The firm has a market capitalization of $939.09 million, a P/E ratio of 22.36 and a beta of 1.47. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.61. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The company has a fifty day moving average of $11.51 and a 200 day moving average of $10.87.

Hedge Funds Weigh In On Accel Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd increased its holdings in 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 period. Allspring Global Investments Holdings LLC bought a new stake in shares of Accel Entertainment in the 1st quarter worth approximately $52,000. Point72 Asset Management L.P. purchased a new position in shares of Accel Entertainment during the third quarter valued at approximately $64,000. Quantbot Technologies LP bought a new position in shares of Accel Entertainment during the third quarter valued at approximately $78,000. Finally, Quarry LP lifted its stake in Accel Entertainment by 268.4% in the second quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after acquiring an additional 6,296 shares during the period. 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.