Insider Selling: Accel Entertainment (NYSE:ACEL) Insider Sells $23,953.40 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 2,092 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $11.45, for a total transaction of $23,953.40. Following the completion of the transaction, the insider owned 199,963 shares in the company, valued at $2,289,576.35. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $57,500.00.
• On Monday, December 15th, Derek Harmer sold 10,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.11, for a total value of $111,100.00.

Accel Entertainment Stock Down 0.3%

Shares of NYSE:ACEL opened at $11.29 on Friday. The stock’s 50-day moving average is $11.34 and its 200 day moving average is $10.96. The company has a market cap of $920.81 million, a PE ratio of 18.82 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, Inc. has a 1 year low of $9.02 and a 1 year high of $13.31.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Accel Entertainment by 13.1% during the first quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock valued at $1,591,000 after purchasing an additional 18,643 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Accel Entertainment in the first quarter worth $110,000. Millennium Management LLC lifted its position in Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after buying an additional 359,948 shares during the period. Jane Street Group LLC lifted its position in Accel Entertainment by 157.5% during the first quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock valued at $368,000 after buying an additional 22,695 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Accel Entertainment by 5.3% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 120,735 shares of the company’s stock valued at $1,421,000 after buying an additional 6,088 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Accel Entertainment

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.