David W. Ruttenberg Sells 3,601 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 3,601 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $10.51, for a total value of $37,846.51. Following the transaction, the director now owns 429,554 shares in the company, valued at approximately $4,514,612.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Accel Entertainment Stock Performance

NYSE ACEL traded down $0.09 on Friday, hitting $10.22. 181,684 shares of the company’s stock were exchanged, compared to its average volume of 268,364. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.83 and a quick ratio of 2.76. The firm’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $10.57. Accel Entertainment, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.05. The firm has a market cap of $855.93 million, a price-to-earnings ratio of 20.22 and a beta of 1.47.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Accel Entertainment by 31,840.0% in the 1st quarter. Covestor Ltd now owns 3,194 shares of the company’s stock worth $38,000 after acquiring an additional 3,184 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Accel Entertainment in the 1st quarter worth approximately $52,000. Cape Investment Advisory Inc. acquired a new stake in shares of Accel Entertainment in the 4th quarter worth approximately $50,000. Semanteon Capital Management LP acquired a new stake in shares of Accel Entertainment in the 4th quarter worth approximately $104,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Accel Entertainment in the 4th quarter worth approximately $141,000. Institutional investors and hedge funds 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.