Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $293,250.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $11.73, for a total value of $293,250.00. Following the sale, the director now owns 298,135 shares in the company, valued at $3,497,123.55. This trade represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock opened at $11.72 on Friday. The business’s fifty day simple moving average is $10.65 and its 200 day simple moving average is $11.06. The firm has a market capitalization of $992.25 million, a P/E ratio of 22.99 and a beta of 1.22. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Northland Securities lifted their price target on Accel Entertainment to $15.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Macquarie reiterated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a report on Tuesday, May 6th.

Institutional Trading of Accel Entertainment

A number of hedge funds have recently bought and sold shares of ACEL. Vanguard Group Inc. raised its stake in shares of Accel Entertainment by 1.2% in the first quarter. Vanguard Group Inc. now owns 3,506,347 shares of the company’s stock valued at $34,783,000 after buying an additional 40,524 shares during the period. Invesco Ltd. raised its stake in shares of Accel Entertainment by 24.7% in the first quarter. Invesco Ltd. now owns 912,129 shares of the company’s stock valued at $9,048,000 after buying an additional 180,868 shares during the period. Renaissance Technologies LLC raised its stake in shares of Accel Entertainment by 27.0% in the fourth quarter. Renaissance Technologies LLC now owns 823,917 shares of the company’s stock valued at $8,799,000 after buying an additional 175,112 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Accel Entertainment by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company’s stock valued at $7,370,000 after buying an additional 23,745 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Accel Entertainment by 252.5% in the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after buying an additional 359,948 shares during the period. 55.39% of the stock is currently owned by institutional investors.

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.