Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 6,400 Shares

Accel Entertainment, Inc. (NYSE:ACEL – Get Rating) Director David W. Ruttenberg sold 6,400 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $12.51, for a total value of $80,064.00. Following the transaction, the director now directly owns 620,127 shares in the company, valued at approximately $7,757,788.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of ACEL traded up $0.03 during midday trading on Wednesday, reaching $12.56. 107,928 shares of the stock were exchanged, compared to its average volume of 227,495. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.45 and a quick ratio of 3.45. The business’s 50-day moving average price is $12.90 and its 200 day moving average price is $12.79. Accel Entertainment, Inc. has a twelve month low of $10.41 and a twelve month high of $14.10. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 38.06 and a beta of 1.11.

Separately, Zacks Investment Research lowered Accel Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, March 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $16.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Accel Entertainment by 15.0% in the 3rd quarter. Royal Bank of Canada now owns 7,542 shares of the company’s stock valued at $92,000 after acquiring an additional 986 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Accel Entertainment by 8.3% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 14,242 shares of the company’s stock worth $185,000 after buying an additional 1,093 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Accel Entertainment by 8.0% during the 4th quarter. Alliancebernstein L.P. now owns 18,800 shares of the company’s stock worth $245,000 after buying an additional 1,400 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Accel Entertainment by 6.6% during the 3rd quarter. Voya Investment Management LLC now owns 23,422 shares of the company’s stock worth $284,000 after buying an additional 1,457 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Accel Entertainment by 44.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,886 shares of the company’s stock worth $63,000 after buying an additional 1,514 shares during the last quarter. Institutional investors own 38.93% of the company’s stock.

About Accel Entertainment (Get Rating)

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.

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