Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells 70,000 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $11.73, for a total transaction of $821,100.00. Following the sale, the director now directly owns 277,455 shares in the company, valued at approximately $3,254,547.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Accel Entertainment Price Performance

Shares of NYSE:ACEL opened at $11.86 on Friday. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. The firm has a market capitalization of $976.55 million, a P/E ratio of 23.26 and a beta of 1.47. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The company’s fifty day moving average price is $11.45 and its 200 day moving average price is $10.84.

Institutional Trading of Accel Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in ACEL. Allspring Global Investments Holdings LLC purchased a new stake in Accel Entertainment in the first quarter valued at approximately $52,000. State Board of Administration of Florida Retirement System boosted its stake in Accel Entertainment by 64.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,357 shares of the company’s stock worth $299,000 after purchasing an additional 9,947 shares during the period. Covestor Ltd grew its position in Accel Entertainment by 31,840.0% during the 1st quarter. Covestor Ltd now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 3,184 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Accel Entertainment by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 117,309 shares of the company’s stock valued at $1,384,000 after buying an additional 8,270 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Accel Entertainment during the first quarter worth about $555,000. Institutional investors and hedge funds 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.