Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $157,354.92 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 14,292 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $11.01, for a total value of $157,354.92. Following the sale, the director now owns 446,914 shares of the company’s stock, valued at $4,920,523.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Accel Entertainment Price Performance

NYSE ACEL opened at $11.28 on Thursday. Accel Entertainment, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $12.05. The stock’s 50-day moving average is $11.16 and its two-hundred day moving average is $10.57. The company has a debt-to-equity ratio of 2.59, a current ratio of 2.85 and a quick ratio of 2.78. The firm has a market cap of $944.85 million, a P/E ratio of 21.27 and a beta of 1.40.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%. The company had revenue of $297.07 million for the quarter, compared to analyst estimates of $286.32 million. On average, analysts anticipate that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Accel Entertainment

Institutional investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in Accel Entertainment by 54.3% during the fourth quarter. Quarry LP now owns 2,823 shares of the company’s stock valued at $29,000 after buying an additional 993 shares in the last quarter. UBS Group AG grew its position in shares of Accel Entertainment by 28,100.0% in the third quarter. UBS Group AG now owns 3,666 shares of the company’s stock valued at $29,000 after purchasing an additional 3,653 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Accel Entertainment by 111.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,907 shares of the company’s stock valued at $31,000 after purchasing an additional 2,063 shares during the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of Accel Entertainment in the fourth quarter valued at about $50,000. Finally, Advisor Group Holdings Inc. grew its position in shares of Accel Entertainment by 292.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 10,985 shares of the company’s stock valued at $85,000 after purchasing an additional 8,185 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.

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.