Insider Selling: Accel Entertainment (NYSE:ACEL) COO Sells $325,000.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) COO Mark Phelan sold 25,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $325,000.00. Following the completion of the sale, the chief operating officer owned 241,464 shares of the company’s stock, valued at approximately $3,139,032. This trade represents a 9.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Price Performance

Shares of NYSE ACEL opened at $12.73 on Thursday. Accel Entertainment, Inc. has a fifty-two week low of $9.55 and a fifty-two week high of $14.00. The business has a 50 day moving average price of $12.01 and a two-hundred day moving average price of $11.48. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02. The firm has a market cap of $1.04 billion, a PE ratio of 21.21 and a beta of 1.01.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%.The company had revenue of $351.56 million for the quarter, compared to the consensus estimate of $342.88 million. Sell-side analysts expect that Accel Entertainment, Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on ACEL. Truist Financial lifted their target price on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings downgraded Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research cut Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Citizens Jmp lifted their price target on Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Accel Entertainment has an average rating of “Moderate Buy” and a consensus target price of $14.67.

Institutional Trading of Accel Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quantinno Capital Management LP boosted its position in Accel Entertainment by 18.9% during the first quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock valued at $1,352,000 after purchasing an additional 19,734 shares during the last quarter. Lazard Asset Management LLC boosted its position in Accel Entertainment by 17.1% during the first quarter. Lazard Asset Management LLC now owns 298,515 shares of the company’s stock valued at $3,257,000 after purchasing an additional 43,663 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Accel Entertainment by 63.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock valued at $11,814,000 after purchasing an additional 421,047 shares during the last quarter. Caxton Associates LLP acquired a new stake in Accel Entertainment during the first quarter valued at $208,000. Finally, Orvieto Partners L.P. boosted its position in Accel Entertainment by 74.8% during the first quarter. Orvieto Partners L.P. now owns 133,838 shares of the company’s stock valued at $1,460,000 after purchasing an additional 57,292 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.