Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $275,250.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the sale, the director now owns 323,135 shares in the company, valued at approximately $3,557,716.35. This represents a 7.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Accel Entertainment Stock Up 2.0 %

Accel Entertainment stock opened at $11.26 on Wednesday. The firm has a market cap of $962.99 million, a price-to-earnings ratio of 22.07 and a beta of 1.35. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $12.96. 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 firm has a 50 day moving average price of $10.74 and a two-hundred day moving average price of $11.09.

Hedge Funds Weigh In On Accel Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Orvieto Partners L.P. bought a new stake in shares of Accel Entertainment during the 4th quarter valued at about $3,951,000. JPMorgan Chase & Co. raised its stake in Accel Entertainment by 70.0% during the 4th quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock worth $5,163,000 after buying an additional 199,092 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Accel Entertainment by 27.0% in the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company’s stock worth $8,799,000 after purchasing an additional 175,112 shares in the last quarter. Financial Counselors Inc. bought a new position in shares of Accel Entertainment in the fourth quarter valued at $1,866,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Accel Entertainment by 300.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company’s stock worth $2,342,000 after acquiring an additional 164,560 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Wall Street Analyst Weigh In

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

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.