Accel Entertainment, Inc. (NYSE:ACEL) Insider Derek Harmer Sells 10,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.64, for a total value of $116,400.00. Following the completion of the transaction, the insider now owns 184,626 shares of the company’s stock, valued at $2,149,046.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, July 12th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $10.50, for a total value of $52,500.00.
• On Thursday, June 20th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $10.00, for a total value of $50,000.00.

Accel Entertainment Stock Performance

Shares of NYSE ACEL opened at $11.98 on Wednesday. The business has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $10.84. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57. The firm has a market capitalization of $990.03 million, a price-to-earnings ratio of 23.49 and a beta of 1.47. Accel Entertainment, Inc. has a one year low of $9.37 and a one year high of $12.61.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Accel Entertainment had a return on equity of 36.19% and a net margin of 4.05%. The business had revenue of $309.41 million during the quarter, compared to analyst estimates of $302.24 million. Sell-side analysts expect that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ACEL. Teacher Retirement System of Texas raised its stake in Accel Entertainment by 65.7% during the fourth quarter. Teacher Retirement System of Texas now owns 45,404 shares of the company’s stock worth $466,000 after acquiring an additional 18,003 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Accel Entertainment during the fourth quarter worth $236,000. Quest Partners LLC acquired a new position in Accel Entertainment during the fourth quarter worth $501,000. Cape Investment Advisory Inc. acquired a new position in Accel Entertainment during the fourth quarter worth $50,000. Finally, Campbell & CO Investment Adviser LLC raised its stake in Accel Entertainment by 4.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 123,459 shares of the company’s stock worth $1,268,000 after acquiring an additional 4,815 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.