Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $288,750.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.55, for a total transaction of $288,750.00. Following the completion of the sale, the director now owns 373,135 shares of the company’s stock, valued at $4,309,709.25. This trade represents a 6.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Accel Entertainment Stock Down 0.1 %

Shares of NYSE:ACEL opened at $11.41 on Thursday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61. The firm has a market capitalization of $939.09 million, a P/E ratio of 22.36 and a beta of 1.47. The stock has a 50 day moving average price of $11.51 and a 200-day moving average price of $10.87.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACEL. Greenvale Capital LLP grew its position in shares of Accel Entertainment by 7.3% in the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after buying an additional 398,302 shares during the period. Arkadios Wealth Advisors bought a new stake in Accel Entertainment during the third quarter worth about $1,953,000. Barclays PLC grew its holdings in Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after purchasing an additional 57,666 shares during the period. Boston Partners bought a new position in shares of Accel Entertainment during the first quarter valued at approximately $555,000. Finally, LSV Asset Management purchased a new position in shares of Accel Entertainment during the second quarter valued at approximately $405,000. Hedge funds and other 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.