Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $21,052.50 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 2,005 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $10.50, for a total transaction of $21,052.50. Following the transaction, the director now directly owns 428,554 shares of the company’s stock, valued at approximately $4,499,817. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Accel Entertainment Stock Up 2.5 %

ACEL stock traded up $0.26 during trading on Thursday, reaching $10.59. The stock had a trading volume of 234,351 shares, compared to its average volume of 266,256. The company has a quick ratio of 2.76, a current ratio of 2.83 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $886.91 million, a price-to-earnings ratio of 20.77 and a beta of 1.47. Accel Entertainment, Inc. has a one year low of $9.37 and a one year high of $12.05. The company’s 50 day moving average is $10.07 and its two-hundred day moving average is $10.59.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $301.82 million for the quarter, compared to analyst estimates of $297.77 million. Accel Entertainment had a net margin of 3.72% and a return on equity of 36.88%. Equities research analysts forecast that Accel Entertainment, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Accel Entertainment from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, May 9th.

Institutional Investors Weigh In On Accel Entertainment

Several institutional investors have recently made changes to their positions in ACEL. Mill Road Capital Management LLC lifted its stake in Accel Entertainment by 282.9% during the fourth quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock worth $3,086,000 after purchasing an additional 222,005 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Accel Entertainment by 7.3% in the third quarter. Vanguard Group Inc. now owns 3,101,745 shares of the company’s stock valued at $33,964,000 after acquiring an additional 210,862 shares during the period. Icon Wealth Advisors LLC bought a new position in Accel Entertainment during the 4th quarter valued at approximately $514,000. Quest Partners LLC bought a new stake in Accel Entertainment in the fourth quarter valued at $501,000. Finally, Boston Partners bought a new stake in Accel Entertainment during the 1st quarter valued at approximately $555,000. Hedge funds and other institutional investors 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.