Accel Entertainment (NYSE:ACEL) Insider Sells $152,679.20 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 13,162 shares of Accel Entertainment stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $11.60, for a total transaction of $152,679.20. Following the completion of the transaction, the insider owned 157,767 shares of the company’s stock, valued at $1,830,097.20. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, September 11th, Derek Harmer sold 26,324 shares of Accel Entertainment stock. The stock was sold at an average price of $11.63, for a total value of $306,148.12.

Accel Entertainment Stock Down 0.4%

NYSE ACEL opened at $11.47 on Friday. The stock’s 50 day simple moving average is $12.02 and its 200 day simple moving average is $11.97. Accel Entertainment, Inc. has a one year low of $9.55 and a one year high of $14.00. The firm has a market cap of $931.04 million, a PE ratio of 17.12 and a beta of 1.01. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.47 and a quick ratio of 2.40.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $368.13 million during the quarter, compared to the consensus estimate of $356.66 million. Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. As a group, sell-side analysts forecast that Accel Entertainment, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Accel Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 9823 Capital L.P. bought a new position in shares of Accel Entertainment in the 4th quarter valued at about $180,000. FourThought Financial Partners LLC acquired a new position in Accel Entertainment in the fourth quarter valued at approximately $204,000. Caxton Associates LLP bought a new position in Accel Entertainment in the first quarter valued at approximately $208,000. Sei Investments Co. boosted its stake in Accel Entertainment by 66.3% in the first quarter. Sei Investments Co. now owns 68,586 shares of the company’s stock valued at $748,000 after acquiring an additional 27,349 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Accel Entertainment by 18.9% during the 1st quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock worth $1,352,000 after acquiring an additional 19,734 shares during the period. 55.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACEL. Zacks Research lowered shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Wells Fargo & Company began coverage on shares of Accel Entertainment in a report on Friday, August 21st. They issued an “equal weight” rating and a $14.00 price target for the company. Wall Street Zen cut shares of Accel Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citizens Jmp upped their price objective on Accel Entertainment from $14.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. Finally, Truist Financial set a $14.00 price objective on Accel Entertainment in a research report on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services through a network of electronic gaming terminals placed in licensed third-party establishments. The company’s host locations include bars, restaurants, taverns, convenience stores, truck stops and other businesses that offer gaming as an additional customer amenity.

Accel typically manages the full gaming operation for its partners, including the installation, maintenance and servicing of gaming terminals, game content, regulatory compliance, cash management and player-support functions.