Accel Entertainment (NYSE:ACEL – Get Free Report) issued its earnings results on Tuesday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04), FiscalAI reports. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The firm had revenue of $368.13 million during the quarter, compared to analyst estimates of $356.66 million.
Accel Entertainment Stock Up 0.8%
Shares of NYSE ACEL traded up $0.10 during mid-day trading on Tuesday, reaching $12.13. 281,869 shares of the company’s stock traded hands, compared to its average volume of 351,000. The stock has a market cap of $987.42 million, a P/E ratio of 20.22 and a beta of 1.02. The business has a 50-day simple moving average of $12.48 and a 200 day simple moving average of $11.80. Accel Entertainment has a 1-year low of $9.55 and a 1-year high of $14.00. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64.
Analyst Ratings Changes
ACEL has been the topic of several recent research reports. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Finally, Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.67.
Insider Buying and Selling at Accel Entertainment
In related news, insider Derek Harmer sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $260,000.00. Following the transaction, the insider owned 187,827 shares of the company’s stock, valued at approximately $2,441,751. This trade represents a 9.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mark T. Phelan sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $13.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief operating officer directly owned 241,464 shares in the company, valued at approximately $3,139,032. The trade was a 9.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 104,277 shares of company stock worth $1,259,917. 14.47% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Accel Entertainment by 2.0% during the third quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company’s stock worth $43,140,000 after buying an additional 74,992 shares in the last quarter. Invesco Ltd. lifted its stake in Accel Entertainment by 5.7% during the 3rd quarter. Invesco Ltd. now owns 926,303 shares of the company’s stock valued at $10,254,000 after acquiring an additional 50,305 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Accel Entertainment by 8.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company’s stock valued at $9,490,000 after acquiring an additional 65,610 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Accel Entertainment by 177.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock worth $6,264,000 after acquiring an additional 351,012 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Accel Entertainment by 252.5% during the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after acquiring an additional 359,948 shares during the last quarter. Institutional investors own 55.39% of the company’s stock.
About Accel Entertainment
Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.
Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.
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