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 Monday, December 16th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the director now owns 360,635 shares in the company, valued at $4,147,302.50. This trade represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Accel Entertainment Stock Down 4.7 %

ACEL opened at $10.82 on Thursday. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.96. The company has a market capitalization of $890.95 million, a PE ratio of 21.22 and a beta of 1.46. The firm’s 50 day simple moving average is $11.55 and its two-hundred day simple moving average is $11.10.

Institutional Investors Weigh In On Accel Entertainment

Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in Accel Entertainment during the third quarter valued at about $64,000. Quantbot Technologies LP purchased a new position in shares of Accel Entertainment during the 3rd quarter valued at about $78,000. Quarry LP grew its stake in shares of Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after acquiring an additional 6,296 shares during the period. Creative Planning purchased a new stake in Accel Entertainment in the 3rd quarter worth approximately $144,000. Finally, EP Wealth Advisors LLC purchased a new stake in Accel Entertainment in the 3rd quarter worth approximately $146,000. 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.