Accel Entertainment (NYSE:ACEL) Insider Derek Harmer Sells 20,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 20,000 shares of Accel Entertainment stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $260,000.00. Following the transaction, the insider directly owned 187,827 shares of the company’s stock, valued at $2,441,751. The trade was a 9.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Price Performance

ACEL stock traded down $0.18 during mid-day trading on Monday, reaching $13.02. 510,019 shares of the company traded hands, compared to its average volume of 365,329. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64. The company has a market capitalization of $1.06 billion, a P/E ratio of 21.71 and a beta of 1.01. Accel Entertainment, Inc. has a 52-week low of $9.55 and a 52-week high of $14.00. The company has a fifty day moving average price of $11.90 and a 200-day moving average price of $11.43.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $351.56 million during the quarter, compared to analyst estimates of $342.88 million. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%. As a group, analysts anticipate that Accel Entertainment, Inc. will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in ACEL. Osaic Holdings Inc. grew its stake 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 valued at $66,000 after buying an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Accel Entertainment by 195.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after buying an additional 4,700 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Accel Entertainment during the fourth quarter valued at about $118,000. Jacobs Levy Equity Management Inc. bought a new stake in Accel Entertainment in the first quarter valued at approximately $110,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Accel Entertainment in the fourth quarter valued at approximately $131,000. Institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACEL. Citizens Jmp boosted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Weiss Ratings lowered Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Truist Financial boosted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.67.

Accel Entertainment Company Profile

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.