Accel Entertainment (NYSE:ACEL) Insider Derek Harmer Sells 13,162 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACELGet Free Report) insider Derek Harmer sold 13,162 shares of Accel Entertainment stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $11.60, for a total value of $152,679.20. Following the transaction, the insider directly owned 157,767 shares of the company’s stock, valued at $1,830,097.20. The trade was a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Derek Harmer also recently made the following trade(s):

  • On Friday, September 11th, Derek Harmer sold 26,324 shares of Accel Entertainment stock. The shares were sold at an average price of $11.63, for a total transaction of $306,148.12.

Accel Entertainment Price Performance

Accel Entertainment stock traded up $0.01 during midday trading on Tuesday, reaching $11.54. 290,894 shares of the stock were exchanged, compared to its average volume of 341,751. The company’s fifty day moving average is $12.08 and its 200-day moving average is $11.96. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.40 and a current ratio of 2.47. The firm has a market cap of $937.37 million, a PE ratio of 17.23 and a beta of 1.01. Accel Entertainment, Inc. has a 52 week low of $9.55 and a 52 week high of $14.00.

Accel Entertainment (NYSE:ACELGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $368.13 million during the quarter, compared to the consensus estimate of $356.66 million. Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. On average, sell-side analysts forecast that Accel Entertainment, Inc. will post 0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACEL shares. National Bank Financial set a $15.00 price objective on shares of Accel Entertainment in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Accel Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Accel Entertainment in a report on Wednesday, August 5th. Citizens Jmp increased their target price on Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Finally, Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.80.

Check Out Our Latest Report on ACEL

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in ACEL. 9823 Capital L.P. purchased a new position in Accel Entertainment in the 4th quarter worth $180,000. FourThought Financial Partners LLC purchased a new stake in Accel Entertainment during the fourth quarter valued at about $204,000. Caxton Associates LLP purchased a new stake in Accel Entertainment during the first quarter valued at about $208,000. Quantinno Capital Management LP grew its stake in shares of Accel Entertainment by 18.9% during the first quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock valued at $1,352,000 after buying an additional 19,734 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Accel Entertainment by 66.3% during the first quarter. Sei Investments Co. now owns 68,586 shares of the company’s stock valued at $748,000 after buying an additional 27,349 shares during the last quarter. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

(Get Free Report)

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services through a network of electronic gaming terminals placed in licensed third-party establishments. The company’s host locations include bars, restaurants, taverns, convenience stores, truck stops and other businesses that offer gaming as an additional customer amenity.

Accel typically manages the full gaming operation for its partners, including the installation, maintenance and servicing of gaming terminals, game content, regulatory compliance, cash management and player-support functions.

Further Reading

Insider Buying and Selling by Quarter for Accel Entertainment (NYSE:ACEL)

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