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

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the sale, the director now owns 323,135 shares in the company, valued at $3,557,716.35. This represents a 7.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Accel Entertainment Price Performance

ACEL opened at $11.22 on Thursday. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The company has a market capitalization of $959.99 million, a price-to-earnings ratio of 22.00 and a beta of 1.35. The firm’s fifty day moving average price is $10.73 and its two-hundred day moving average price is $11.09.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Accel Entertainment

A number of institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC boosted its stake in shares of Accel Entertainment by 43.3% in the 3rd quarter. Verition Fund Management LLC now owns 22,618 shares of the company’s stock worth $263,000 after buying an additional 6,830 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Accel Entertainment in the third quarter worth $146,000. Barclays PLC increased its position in shares of Accel Entertainment by 34.6% during the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after purchasing an additional 57,666 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Accel Entertainment by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after purchasing an additional 3,355 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Accel Entertainment by 34.8% during the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock worth $422,000 after purchasing an additional 10,194 shares during the period. 55.39% of the stock is owned by 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.