Accel Entertainment (NYSE:ACEL) Director Sells $276,000.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $11.04, for a total value of $276,000.00. Following the completion of the transaction, the director directly owned 198,135 shares of the company’s stock, valued at approximately $2,187,410.40. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Accel Entertainment Stock Up 0.9%

Shares of ACEL opened at $11.41 on Monday. The company’s 50-day simple moving average is $11.32 and its 200-day simple moving average is $10.94. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.50 and a current ratio of 2.57. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $13.27. The stock has a market capitalization of $949.01 million, a PE ratio of 22.81 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ACEL shares. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Citigroup initiated coverage on Accel Entertainment in a research report on Friday, December 5th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday, December 29th. Truist Financial began coverage on shares of Accel Entertainment in a research note on Tuesday, December 16th. They set a “hold” rating and a $13.00 target price on the stock. Finally, Citizens Jmp set a $13.00 price target on shares of Accel Entertainment in a research note on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.25.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Accel Entertainment during the 3rd quarter worth $49,000. CWM LLC grew its holdings in shares of Accel Entertainment by 151.7% during the second quarter. CWM LLC now owns 4,992 shares of the company’s stock worth $59,000 after purchasing an additional 3,009 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Accel Entertainment in the 4th quarter valued at about $118,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.