Accel Entertainment (NYSE:ACEL) Insider Derek Harmer Sells 26,324 Shares

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 26,324 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $11.63, for a total transaction of $306,148.12. Following the completion of the sale, the insider owned 170,929 shares in the company, valued at approximately $1,987,904.27. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 14th, Derek Harmer sold 13,162 shares of Accel Entertainment stock. The shares were sold at an average price of $11.60, for a total transaction of $152,679.20.

Accel Entertainment Stock Up 0.1%

Shares of NYSE:ACEL opened at $11.54 on Wednesday. The company has a market cap of $937.34 million, a price-to-earnings ratio of 17.23 and a beta of 1.01. Accel Entertainment, Inc. has a 12 month low of $9.55 and a 12 month high of $14.00. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average price of $12.06 and a 200 day moving average price of $11.96.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%.The company had revenue of $368.13 million for the quarter, compared to the consensus estimate of $356.66 million. As a group, equities research analysts predict that Accel Entertainment, Inc. will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of ACEL. Globeflex Capital L P bought a new stake in shares of Accel Entertainment during the 2nd quarter worth approximately $3,894,000. Bank of New York Mellon Corp purchased a new position in Accel Entertainment during the 2nd quarter valued at $2,643,000. Quantinno Capital Management LP grew its position in Accel Entertainment by 18.9% in the 1st quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock valued at $1,352,000 after acquiring an additional 19,734 shares during the last quarter. Lazard Asset Management LLC grew its position in Accel Entertainment by 17.1% in the 1st quarter. Lazard Asset Management LLC now owns 298,515 shares of the company’s stock valued at $3,257,000 after acquiring an additional 43,663 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after purchasing an additional 421,047 shares during the period. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. National Bank Financial set a $15.00 price target on Accel Entertainment in a report on Wednesday, August 5th. Wells Fargo & Company started coverage on shares of Accel Entertainment in a research note on Friday, August 21st. They set an “equal weight” rating and a $14.00 price objective for the company. Wall Street Zen cut shares of Accel Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citizens Jmp boosted their price objective on shares of Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services through a network of electronic gaming terminals placed in licensed third-party establishments. The company’s host locations include bars, restaurants, taverns, convenience stores, truck stops and other businesses that offer gaming as an additional customer amenity.

Accel typically manages the full gaming operation for its partners, including the installation, maintenance and servicing of gaming terminals, game content, regulatory compliance, cash management and player-support functions.