Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director 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 on Monday, September 16th. The shares were sold at an average price of $11.68, for a total transaction of $292,000.00. Following the completion of the sale, the director now owns 398,135 shares in the company, valued at $4,650,216.80. The sale was disclosed in a document filed with the SEC, which is available at this link.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.98 on Wednesday. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. 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 company has a market cap of $990.03 million, a P/E ratio of 23.49 and a beta of 1.47. The firm has a fifty day moving average price of $11.00 and a 200 day moving average price of $10.84.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $302.24 million. Sell-side analysts predict that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Accel Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Mill Road Capital Management LLC lifted its position in shares of Accel Entertainment by 282.9% during the 4th quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock worth $3,086,000 after buying an additional 222,005 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Accel Entertainment by 64.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,357 shares of the company’s stock valued at $299,000 after acquiring an additional 9,947 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Accel Entertainment in the first quarter valued at $217,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Accel Entertainment during the fourth quarter worth about $236,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Accel Entertainment during the first quarter worth about $52,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

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.