Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $265,250.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $10.61, for a total transaction of $265,250.00. Following the completion of the transaction, the director now owns 348,135 shares in the company, valued at approximately $3,693,712.35. The trade was a 6.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Accel Entertainment Price Performance

Shares of NYSE:ACEL opened at $11.29 on Friday. Accel Entertainment, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.96. The business has a 50-day simple moving average of $11.15 and a two-hundred day simple moving average of $11.20. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. The firm has a market cap of $929.87 million, a price-to-earnings ratio of 22.14 and a beta of 1.46.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently bought and sold shares of ACEL. Greenvale Capital LLP raised its position in Accel Entertainment by 7.3% in the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after buying an additional 398,302 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $1,953,000. Barclays PLC increased its position in shares of Accel Entertainment by 34.6% during the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after purchasing an additional 57,666 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Accel Entertainment by 20.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock valued at $2,161,000 after purchasing an additional 31,502 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $341,000. Hedge funds and other 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.