Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $157,354.92 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 14,292 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $11.01, for a total transaction of $157,354.92. Following the completion of the transaction, the director now owns 446,914 shares of the company’s stock, valued at approximately $4,920,523.14. The sale was disclosed in a filing with the SEC, which is available at this link.

Accel Entertainment Trading Up 1.0 %

Shares of Accel Entertainment stock opened at $11.38 on Friday. The company has a fifty day simple moving average of $11.21 and a 200-day simple moving average of $10.58. Accel Entertainment, Inc. has a 12-month low of $8.28 and a 12-month high of $12.05. The company has a current ratio of 2.85, a quick ratio of 2.78 and a debt-to-equity ratio of 2.59. The stock has a market cap of $953.23 million, a price-to-earnings ratio of 21.46 and a beta of 1.40.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. The business had revenue of $297.07 million during the quarter, compared to analysts’ expectations of $286.32 million. On average, equities analysts forecast that Accel Entertainment, Inc. will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of Accel Entertainment by 54.3% in the 4th quarter. Quarry LP now owns 2,823 shares of the company’s stock valued at $29,000 after buying an additional 993 shares in the last quarter. UBS Group AG boosted its stake in Accel Entertainment by 28,100.0% during the 3rd quarter. UBS Group AG now owns 3,666 shares of the company’s stock worth $29,000 after purchasing an additional 3,653 shares during the period. Tower Research Capital LLC TRC boosted its stake in Accel Entertainment by 154.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,838 shares of the company’s stock worth $41,000 after purchasing an additional 2,332 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Accel Entertainment during the 1st quarter worth $52,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Accel Entertainment during the 4th quarter worth $50,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.