Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 25,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total transaction of $265,250.00. Following the transaction, the director now owns 348,135 shares in the company, valued at $3,693,712.35. This represents a 6.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Accel Entertainment Stock Performance

Accel Entertainment stock opened at $10.99 on Wednesday. Accel Entertainment, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.96. The stock has a market cap of $904.95 million, a price-to-earnings ratio of 21.55 and a beta of 1.46. The stock’s 50 day simple moving average is $11.17 and its two-hundred day simple moving average is $11.19. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Hedge Funds Weigh In On Accel Entertainment

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Accel Entertainment in the 3rd quarter worth about $64,000. Quantbot Technologies LP purchased a new stake in shares of Accel Entertainment in the 3rd quarter worth approximately $78,000. Quarry LP grew its stake in shares of Accel Entertainment by 268.4% in the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after buying an additional 6,296 shares during the last quarter. Creative Planning bought a new position in Accel Entertainment during the 3rd quarter valued at approximately $144,000. Finally, EP Wealth Advisors LLC bought a new stake in Accel Entertainment in the third quarter worth $146,000. 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.