Derek Harmer Sells 5,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the insider now owns 216,575 shares in the company, valued at approximately $2,165,750. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, April 9th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $10.50, for a total transaction of $52,500.00.

Accel Entertainment Price Performance

NYSE ACEL opened at $10.94 on Friday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. The business’s fifty day moving average is $10.76 and its 200 day moving average is $11.10. The company has a market capitalization of $935.95 million, a PE ratio of 21.45 and a beta of 1.35. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96.

Analysts Set New Price Targets

Separately, Macquarie boosted their target price on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 28th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new position in Accel Entertainment during the first quarter valued at approximately $35,000. Covestor Ltd raised its position in shares of Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after purchasing an additional 1,051 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Accel Entertainment during the 4th quarter valued at $51,000. Russell Investments Group Ltd. boosted its holdings in Accel Entertainment by 11,304.3% in the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock worth $56,000 after buying an additional 5,200 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Accel Entertainment in the 3rd quarter worth $64,000. 55.39% of the stock is currently owned by 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.