Karl Mr. Peterson Sells 10,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Karl Mr. Peterson sold 10,000 shares of Accel Entertainment stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $11.67, for a total value of $116,700.00. Following the transaction, the director now directly owns 2,468,938 shares of the company’s stock, valued at approximately $28,812,506.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Karl Mr. Peterson also recently made the following trade(s):

• On Thursday, March 21st, Karl Mr. Peterson sold 16,707 shares of Accel Entertainment stock. The shares were sold at an average price of $12.00, for a total value of $200,484.00.
• On Tuesday, March 19th, Karl Mr. Peterson sold 10,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.47, for a total value of $114,700.00.
• On Thursday, February 29th, Karl Mr. Peterson sold 30,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.00, for a total value of $330,000.00.

Accel Entertainment Stock Down 1.8 %

ACEL stock opened at $11.02 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.85 and a debt-to-equity ratio of 2.59. The firm has a market capitalization of $923.06 million, a PE ratio of 20.78 and a beta of 1.40. Accel Entertainment, Inc. has a twelve month low of $8.28 and a twelve month high of $12.05. The stock has a 50-day simple moving average of $11.10 and a two-hundred day simple moving average of $10.57.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $297.07 million during the quarter, compared to analyst estimates of $286.32 million. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%. On average, equities analysts predict that Accel Entertainment, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Trading of Accel Entertainment

A number of large investors have recently modified their holdings of ACEL. Advisor Group Holdings Inc. boosted its position in shares of Accel Entertainment by 87.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company’s stock valued at $111,000 after acquiring an additional 4,257 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Accel Entertainment during the 1st quarter valued at about $126,000. Bank of New York Mellon Corp boosted its position in shares of Accel Entertainment by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 206,892 shares of the company’s stock valued at $2,520,000 after acquiring an additional 3,679 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Accel Entertainment by 53.2% during the 1st quarter. MetLife Investment Management LLC now owns 30,368 shares of the company’s stock valued at $370,000 after acquiring an additional 10,543 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Accel Entertainment by 9.9% during the 1st quarter. Rhumbline Advisers now owns 50,962 shares of the company’s stock valued at $621,000 after acquiring an additional 4,593 shares during the last quarter. Institutional investors own 55.39% of the company’s stock.

About Accel Entertainment

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.