Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 25,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the director now owns 360,635 shares in the company, valued at $4,147,302.50. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Accel Entertainment Price Performance

ACEL opened at $11.36 on Wednesday. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.96. The company has a 50 day moving average of $11.56 and a two-hundred day moving average of $11.10. The company has a market cap of $935.00 million, a P/E ratio of 22.26 and a beta of 1.46. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54.

Institutional Trading of Accel Entertainment

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Accel Entertainment by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock valued at $2,470,000 after purchasing an additional 17,929 shares during the period. Principal Financial Group Inc. grew its stake in shares of Accel Entertainment by 8.2% in the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock valued at $205,000 after buying an additional 1,519 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Accel Entertainment during the 2nd quarter valued at about $405,000. AdvisorShares Investments LLC lifted its position in Accel Entertainment by 13.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock worth $311,000 after acquiring an additional 3,720 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Accel Entertainment by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock worth $34,178,000 after acquiring an additional 36,316 shares during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Company Profile

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.