Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $288,750.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.55, for a total value of $288,750.00. Following the completion of the sale, the director now directly owns 373,135 shares of the company’s stock, valued at $4,309,709.25. This represents a 6.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Accel Entertainment Stock Performance

NYSE ACEL opened at $11.51 on Friday. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61. The firm has a market capitalization of $947.73 million, a price-to-earnings ratio of 22.57 and a beta of 1.47. The company’s fifty day moving average is $11.51 and its two-hundred day moving average is $10.87. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

Institutional Trading of Accel Entertainment

A number of hedge funds have recently modified their holdings of ACEL. Hohimer Wealth Management LLC acquired a new stake in Accel Entertainment in the 3rd quarter valued at $193,000. Barclays PLC boosted its holdings in shares of Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after acquiring an additional 57,666 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Accel Entertainment in the 3rd quarter worth approximately $146,000. Quarry LP grew its holdings in shares of Accel Entertainment by 53.5% during the third quarter. Quarry LP now owns 13,265 shares of the company’s stock worth $154,000 after purchasing an additional 4,623 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Accel Entertainment in the third quarter worth about $64,000. Institutional investors 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.