Accel Entertainment (NYSE:ACEL) Insider Derek Harmer Sells 2,092 Shares

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 2,092 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $11.45, for a total transaction of $23,953.40. Following the transaction, the insider directly owned 199,963 shares of the company’s stock, valued at $2,289,576.35. This represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, December 23rd, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.50, for a total transaction of $57,500.00.
• On Monday, December 15th, Derek Harmer sold 10,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.11, for a total value of $111,100.00.

Accel Entertainment Stock Performance

Accel Entertainment stock traded down $0.05 during trading hours on Thursday, hitting $11.34. The stock had a trading volume of 548,903 shares, compared to its average volume of 427,992. The company has a 50-day moving average of $11.34 and a two-hundred day moving average of $10.96. The company has a quick ratio of 2.55, a current ratio of 2.61 and a debt-to-equity ratio of 2.11. The company has a market cap of $943.16 million, a PE ratio of 18.89 and a beta of 1.05. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $13.31.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%. On average, equities research analysts anticipate that Accel Entertainment, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Trading of Accel Entertainment

Several large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of Accel Entertainment in the third quarter valued at about $49,000. Osaic Holdings Inc. grew its holdings in Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after acquiring an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after acquiring an additional 4,700 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Accel Entertainment in the 4th quarter valued at about $118,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Accel Entertainment in the first quarter worth about $110,000. Institutional investors own 55.39% of the company’s stock.

Analyst Upgrades and Downgrades

ACEL has been the subject of a number of recent research reports. Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Citigroup assumed coverage on Accel Entertainment in a research report on Friday, December 5th. They issued an “outperform” rating on the stock. Truist Financial increased their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Finally, Citizens Jmp boosted their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a research note on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.75.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.