Insider Selling: Accel Entertainment (NYSE:ACEL) Insider Sells $227,800.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 20,000 shares of Accel Entertainment stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $11.39, for a total value of $227,800.00. Following the transaction, the insider directly owned 179,963 shares in the company, valued at $2,049,778.57. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Derek Harmer also recently made the following trade(s):

• On Tuesday, March 10th, Derek Harmer sold 2,092 shares of Accel Entertainment stock. The shares were sold at an average price of $11.45, for a total value of $23,953.40.
• On Tuesday, December 23rd, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.50, for a total value of $57,500.00.

Accel Entertainment Price Performance

Accel Entertainment stock opened at $10.79 on Thursday. The stock’s 50 day moving average is $11.31 and its 200 day moving average is $10.94. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $13.31. The firm has a market cap of $879.73 million, a P/E ratio of 17.98 and a beta of 1.05. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $341.45 million during the quarter, compared to the consensus estimate of $335.66 million. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. As a group, research analysts expect that Accel Entertainment, Inc. will post 0.8 EPS for the current year.

Institutional Trading of Accel Entertainment

Several large investors have recently modified their holdings of ACEL. State of Alaska Department of Revenue acquired a new position in shares of Accel Entertainment during the 3rd quarter valued at $49,000. Osaic Holdings Inc. grew its holdings in Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC increased its stake in Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Accel Entertainment in the first quarter valued at $110,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Accel Entertainment during the fourth quarter valued at about $118,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACEL shares. Citizens Jmp lifted their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 4th. Citigroup began coverage on shares of Accel Entertainment in a research report on Friday, December 5th. They set an “outperform” rating on the stock. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Finally, Truist Financial lifted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Accel Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $14.75.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.