Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 14,292 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 14,292 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $11.01, for a total transaction of $157,354.92. Following the completion of the sale, the director now directly owns 446,914 shares of the company’s stock, valued at $4,920,523.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Accel Entertainment Trading Up 1.0 %

NYSE:ACEL opened at $11.38 on Friday. The stock’s 50 day moving average price is $11.21 and its 200 day moving average price is $10.58. Accel Entertainment, Inc. has a 52 week low of $8.28 and a 52 week high of $12.05. The company has a market capitalization of $953.23 million, a P/E ratio of 21.46 and a beta of 1.40. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.78 and a current ratio of 2.85.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%. The firm had revenue of $297.07 million for the quarter, compared to the consensus estimate of $286.32 million. On average, research analysts forecast that Accel Entertainment, Inc. will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in Accel Entertainment by 54.3% during the fourth quarter. Quarry LP now owns 2,823 shares of the company’s stock valued at $29,000 after purchasing an additional 993 shares during the last quarter. Rhumbline Advisers grew its holdings in Accel Entertainment by 1.8% during the first quarter. Rhumbline Advisers now owns 74,270 shares of the company’s stock valued at $677,000 after purchasing an additional 1,299 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Accel Entertainment by 8.1% during the second quarter. Hsbc Holdings PLC now owns 17,568 shares of the company’s stock valued at $186,000 after purchasing an additional 1,314 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Accel Entertainment by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 407,345 shares of the company’s stock valued at $3,711,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Accel Entertainment by 0.3% during the first quarter. Sei Investments Co. now owns 516,656 shares of the company’s stock valued at $4,707,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

About Accel Entertainment

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.