Insider Selling: Accel Entertainment (NYSE:ACEL) Director Sells $279,750.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $11.19, for a total value of $279,750.00. Following the completion of the transaction, the director owned 223,135 shares of the company’s stock, valued at approximately $2,496,880.65. This trade represents a 10.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $11.12 on Friday. The firm has a market capitalization of $924.86 million, a PE ratio of 22.23 and a beta of 1.07. The stock’s fifty day moving average is $10.34 and its 200 day moving average is $11.14. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $13.27. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.50 and a current ratio of 2.57.

Institutional Trading of Accel Entertainment

Large investors have recently modified their holdings of the company. Engineers Gate Manager LP lifted its position in Accel Entertainment by 8.7% during the second quarter. Engineers Gate Manager LP now owns 11,960 shares of the company’s stock valued at $141,000 after acquiring an additional 956 shares during the last quarter. AdvisorShares Investments LLC lifted its holdings in shares of Accel Entertainment by 3.3% during the 2nd quarter. AdvisorShares Investments LLC now owns 30,942 shares of the company’s stock valued at $364,000 after purchasing an additional 1,000 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Accel Entertainment by 3.9% in the 2nd quarter. Cerity Partners LLC now owns 30,763 shares of the company’s stock worth $362,000 after purchasing an additional 1,145 shares in the last quarter. MetLife Investment Management LLC grew its stake in Accel Entertainment by 4.7% during the 1st quarter. MetLife Investment Management LLC now owns 31,104 shares of the company’s stock worth $309,000 after buying an additional 1,389 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Accel Entertainment by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,083 shares of the company’s stock valued at $248,000 after buying an additional 1,694 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial assumed coverage on shares of Accel Entertainment in a research note on Tuesday. They set a “hold” rating and a $13.00 price target for the company. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Accel Entertainment in a research report on Monday. Macquarie reaffirmed an “outperform” rating and set a $16.00 target price on shares of Accel Entertainment in a research note on Wednesday, November 5th. Finally, Citigroup started coverage on Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.