Insider Selling: Accel Entertainment (NYSE:ACEL) Insider Sells 5,000 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $11.50, for a total transaction of $57,500.00. Following the completion of the transaction, the insider directly owned 199,917 shares of the company’s stock, valued at $2,299,045.50. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 15th, Derek Harmer sold 10,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.11, for a total transaction of $111,100.00.

Accel Entertainment Stock Down 0.6%

Shares of ACEL traded down $0.07 on Monday, hitting $11.63. 395,652 shares of the stock traded hands, compared to its average volume of 357,331. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $13.27. The company has a market capitalization of $967.82 million, a PE ratio of 23.26 and a beta of 1.07. The business has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $11.14. 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 Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Accel Entertainment during the 1st quarter valued at about $1,386,000. Russell Investments Group Ltd. boosted its holdings in shares of Accel Entertainment by 357.0% in the first quarter. Russell Investments Group Ltd. now owns 23,974 shares of the company’s stock worth $238,000 after buying an additional 18,728 shares during the last quarter. Hsbc Holdings PLC grew its position in Accel Entertainment by 97.4% during the first quarter. Hsbc Holdings PLC now owns 56,952 shares of the company’s stock valued at $564,000 after buying an additional 28,103 shares during the period. MetLife Investment Management LLC increased its holdings in Accel Entertainment by 4.7% during the first quarter. MetLife Investment Management LLC now owns 31,104 shares of the company’s stock valued at $309,000 after buying an additional 1,389 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in Accel Entertainment in the first quarter worth approximately $134,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACEL. Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a report on Wednesday, November 5th. Citigroup assumed coverage on Accel Entertainment in a research report on Friday, December 5th. They issued an “outperform” rating for the company. Zacks Research cut shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Accel Entertainment in a report on Monday, December 22nd. Finally, Wall Street Zen cut shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.00.

About Accel Entertainment

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.