Accel Entertainment, Inc. (NYSE:ACEL – Get Free Report) insider Derek Harmer sold 26,324 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $11.63, for a total value of $306,148.12. Following the transaction, the insider directly owned 170,929 shares in the company, valued at approximately $1,987,904.27. The trade was a 13.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Derek Harmer also recently made the following trade(s):
- On Monday, September 14th, Derek Harmer sold 13,162 shares of Accel Entertainment stock. The shares were sold at an average price of $11.60, for a total value of $152,679.20.
Accel Entertainment Trading Up 0.1%
NYSE ACEL traded up $0.01 during trading on Tuesday, hitting $11.54. The stock had a trading volume of 290,894 shares, compared to its average volume of 341,751. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $937.37 million, a PE ratio of 17.23 and a beta of 1.01. The firm has a 50 day moving average price of $12.08 and a 200 day moving average price of $11.96. Accel Entertainment, Inc. has a twelve month low of $9.55 and a twelve month high of $14.00.
Analysts Set New Price Targets
A number of research firms have issued reports on ACEL. Citizens Jmp increased their target price on shares of Accel Entertainment from $14.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. Wells Fargo & Company started coverage on shares of Accel Entertainment in a research note on Friday, August 21st. They issued an “equal weight” rating and a $14.00 price target for the company. Citigroup reaffirmed a “market outperform” rating on shares of Accel Entertainment in a research report on Wednesday, August 5th. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.80.
Read Our Latest Stock Report on Accel Entertainment
Institutional Trading of Accel Entertainment
A number of institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Accel Entertainment by 63.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after acquiring an additional 421,047 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Accel Entertainment by 249.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 139,441 shares of the company’s stock worth $1,521,000 after acquiring an additional 99,521 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Accel Entertainment during the 2nd quarter worth about $3,894,000. UBS Group AG lifted its stake in Accel Entertainment by 71.6% during the fourth quarter. UBS Group AG now owns 200,736 shares of the company’s stock worth $2,290,000 after purchasing an additional 83,725 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Accel Entertainment during the second quarter worth approximately $2,643,000. 55.39% of the stock is owned by hedge funds and other institutional investors.
About Accel Entertainment
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.
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