Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells 12,500 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $11.00, for a total value of $137,500.00. Following the completion of the transaction, the director now owns 550,526 shares of the company’s stock, valued at approximately $6,055,786. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Accel Entertainment Stock Up 1.4 %

NYSE:ACEL traded up $0.16 during trading hours on Monday, reaching $11.27. 92,283 shares of the company traded hands, compared to its average volume of 263,134. The business’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $10.69. The stock has a market capitalization of $943.82 million, a P/E ratio of 22.10 and a beta of 1.47. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.61. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57.

Institutional Trading of Accel Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mill Road Capital Management LLC grew its holdings in shares of Accel Entertainment by 282.9% in the fourth quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock worth $3,086,000 after acquiring an additional 222,005 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Accel Entertainment by 64.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,357 shares of the company’s stock worth $299,000 after acquiring an additional 9,947 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Accel Entertainment in the first quarter worth $217,000. Dynamic Technology Lab Private Ltd bought a new stake in Accel Entertainment during the fourth quarter valued at about $236,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Accel Entertainment by 36.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,775 shares of the company’s stock valued at $152,000 after purchasing an additional 3,917 shares during the period. Institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.