Derek Harmer Sells 5,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the insider now owns 216,575 shares of the company’s stock, valued at $2,165,750. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, April 9th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $10.50, for a total value of $52,500.00.

Accel Entertainment Stock Up 1.9 %

Shares of ACEL stock traded up $0.20 on Friday, hitting $10.94. The stock had a trading volume of 653,529 shares, compared to its average volume of 279,488. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The business has a 50 day moving average of $10.76 and a 200 day moving average of $11.10. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96. The stock has a market cap of $935.95 million, a price-to-earnings ratio of 21.45 and a beta of 1.35.

Analysts Set New Price Targets

Separately, Macquarie lifted their target price on Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 28th.

Institutional Investors Weigh In On Accel Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Accel Entertainment by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company’s stock valued at $37,015,000 after acquiring an additional 53,379 shares in the last quarter. Renaissance Technologies LLC boosted its position in Accel Entertainment by 27.0% in the fourth 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 during the last quarter. Invesco Ltd. grew its stake in Accel Entertainment by 13.1% in the 4th quarter. Invesco Ltd. now owns 731,261 shares of the company’s stock valued at $7,810,000 after purchasing an additional 84,891 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Accel Entertainment by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company’s stock valued at $7,370,000 after purchasing an additional 23,745 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Accel Entertainment by 11.1% during the 4th quarter. Northern Trust Corp now owns 488,463 shares of the company’s stock worth $5,217,000 after purchasing an additional 48,639 shares during the period. Hedge funds and other institutional investors 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.