Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $275,250.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the transaction, the director now directly owns 323,135 shares of the company’s stock, valued at $3,557,716.35. This represents a 7.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.22 on Thursday. The firm has a 50 day moving average of $10.73 and a 200-day moving average of $11.09. The company has a market cap of $959.99 million, a price-to-earnings ratio of 22.00 and a beta of 1.35. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Accel Entertainment

A number of large investors have recently bought and sold shares of the stock. Versant Capital Management Inc bought a new position in shares of Accel Entertainment during the 1st quarter worth about $35,000. Covestor Ltd raised its stake in Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after buying an additional 1,051 shares during the period. New York State Teachers Retirement System bought a new position in Accel Entertainment in the fourth quarter worth approximately $51,000. Russell Investments Group Ltd. grew its stake in Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after acquiring an additional 5,200 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Accel Entertainment by 483.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock valued at $79,000 after acquiring an additional 6,151 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

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.