Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Insider Sells $52,500.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the insider now directly owns 211,575 shares in the company, valued at approximately $2,221,537.50. This trade represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, March 19th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $10.00, for a total value of $50,000.00.

Accel Entertainment Stock Performance

NYSE ACEL opened at $10.94 on Monday. The stock has a market cap of $935.95 million, a P/E ratio of 21.45 and a beta of 1.35. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The company’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $11.09.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new stake in Accel Entertainment in the 1st quarter valued at $35,000. Covestor Ltd lifted its holdings in shares of Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after acquiring an additional 1,051 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Accel Entertainment in the 4th quarter valued at $51,000. Russell Investments Group Ltd. grew its holdings in shares of Accel Entertainment by 11,304.3% in the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock worth $56,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Accel Entertainment during the 3rd quarter worth about $64,000. 55.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their target price on Accel Entertainment from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th.

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.