Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 25,000 Shares of Stock

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

Accel Entertainment Stock Up 0.9 %

Shares of Accel Entertainment stock opened at $12.47 on Friday. The business has a 50-day moving average of $11.14 and a 200-day moving average of $11.35. 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 company has a market capitalization of $1.03 billion, a PE ratio of 24.44 and a beta of 1.46. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.96.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd grew its stake in Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after purchasing an additional 1,051 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Accel Entertainment by 21.0% in the fourth quarter. EP Wealth Advisors LLC now owns 15,186 shares of the company’s stock worth $162,000 after purchasing an additional 2,640 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Accel Entertainment by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock worth $5,135,000 after purchasing an additional 3,151 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Accel Entertainment by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,634 shares of the company’s stock worth $221,000 after purchasing an additional 3,237 shares in the last quarter. Finally, AdvisorShares Investments LLC grew its stake in Accel Entertainment by 11.5% in the fourth quarter. AdvisorShares Investments LLC now owns 32,070 shares of the company’s stock worth $343,000 after purchasing an additional 3,300 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

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.