Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $308,750.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total value of $308,750.00. Following the completion of the transaction, the director now directly owns 335,635 shares of the company’s stock, valued at approximately $4,145,092.25. The trade was a 6.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Accel Entertainment Price Performance

ACEL traded up $0.12 on Thursday, reaching $12.47. The stock had a trading volume of 237,346 shares, compared to its average volume of 284,856. Accel Entertainment, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.96. The firm has a 50-day moving average of $11.12 and a 200-day moving average of $11.34. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.44 and a beta of 1.46.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Accel Entertainment by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company’s stock worth $37,015,000 after purchasing an additional 53,379 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Accel Entertainment by 27.0% in the fourth quarter. Renaissance Technologies LLC now owns 823,917 shares of the company’s stock valued at $8,799,000 after buying an additional 175,112 shares during the period. Invesco Ltd. increased its stake in shares of Accel Entertainment by 13.1% in the fourth quarter. Invesco Ltd. now owns 731,261 shares of the company’s stock valued at $7,810,000 after buying an additional 84,891 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Accel Entertainment by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company’s stock valued at $7,370,000 after buying an additional 23,745 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Accel Entertainment by 11.1% in the fourth quarter. Northern Trust Corp now owns 488,463 shares of the company’s stock valued at $5,217,000 after buying an additional 48,639 shares during the period. Institutional investors and hedge funds 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.