David W. Ruttenberg Sells 14,292 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 14,292 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $11.01, for a total transaction of $157,354.92. Following the completion of the sale, the director now directly owns 446,914 shares in the company, valued at approximately $4,920,523.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Accel Entertainment Stock Performance

Shares of NYSE:ACEL opened at $11.26 on Friday. The company has a current ratio of 2.85, a quick ratio of 2.78 and a debt-to-equity ratio of 2.59. The company has a 50-day moving average price of $11.19 and a 200-day moving average price of $10.58. The company has a market cap of $943.17 million, a price-to-earnings ratio of 21.24 and a beta of 1.40. Accel Entertainment, Inc. has a 12 month low of $8.28 and a 12 month high of $12.05.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.23 EPS 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%. As a group, equities analysts anticipate that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of Accel Entertainment by 54.3% during the 4th quarter. Quarry LP now owns 2,823 shares of the company’s stock valued at $29,000 after purchasing an additional 993 shares in the last quarter. UBS Group AG lifted its holdings in Accel Entertainment by 28,100.0% in the third quarter. UBS Group AG now owns 3,666 shares of the company’s stock worth $29,000 after buying an additional 3,653 shares during the period. Tower Research Capital LLC TRC boosted its position in Accel Entertainment by 111.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,907 shares of the company’s stock valued at $31,000 after acquiring an additional 2,063 shares in the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Accel Entertainment during the 4th quarter worth approximately $50,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Accel Entertainment during the 1st quarter worth approximately $52,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

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.