David W. Ruttenberg Sells 25,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $11.73, for a total value of $293,250.00. Following the sale, the director now directly owns 298,135 shares of the company’s stock, valued at $3,497,123.55. This represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Accel Entertainment Trading Down 0.7%

NYSE ACEL opened at $11.72 on Friday. The company has a market cap of $992.25 million, a price-to-earnings ratio of 22.99 and a beta of 1.22. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The business has a 50 day moving average price of $10.65 and a 200-day moving average price of $11.06. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Macquarie restated an “outperform” rating and set a $16.00 price objective on shares of Accel Entertainment in a report on Tuesday, May 6th. Northland Securities boosted their price objective on Accel Entertainment to $15.00 and gave the company a “buy” rating in a report on Thursday, May 1st.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of ACEL. Barclays PLC increased its holdings in shares of Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after acquiring an additional 57,666 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Accel Entertainment by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after buying an additional 3,355 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Accel Entertainment by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock valued at $422,000 after buying an additional 10,194 shares during the last quarter. R Squared Ltd purchased a new position in shares of Accel Entertainment during the fourth quarter valued at approximately $91,000. Finally, Legato Capital Management LLC boosted its position in shares of Accel Entertainment by 33.4% during the fourth quarter. Legato Capital Management LLC now owns 16,842 shares of the company’s stock valued at $180,000 after buying an additional 4,219 shares during the last quarter. Institutional investors own 55.39% of the company’s stock.

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.