Accel Entertainment (NYSE:ACEL) Stock: Insider Christen Kozlik Sells 3,600 Shares

Accel Entertainment, Inc. (NYSE:ACEL) CAO Christen Kozlik sold 3,600 shares of the stock in a transaction on Friday, November 13th. The stock was sold at an average price of $13.80, for a total transaction of $49,680.00. Following the completion of the sale, the chief accounting officer owned 15,746 shares in the company, valued at $217,294.80. The trade was a 18.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Christen Kozlik also recently made the following trade(s):

• On Tuesday, September 15th, Christen Kozlik sold 550 shares of Accel Entertainment stock. The stock was sold at an average price of $11.55, for a total transaction of $6,352.50.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock traded down $0.29 during trading on Friday, hitting $13.54. 461,560 shares of the company’s stock were exchanged, compared to its average volume of 623,735. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.20 and a current ratio of 2.27. The business has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $11.80. Accel Entertainment, Inc. has a 52-week low of $9.55 and a 52-week high of $14.08. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.81 and a beta of 1.09.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, November 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. Accel Entertainment had a net margin of 4.49% and a return on equity of 22.62%. The company had revenue of $363.56 million during the quarter, compared to the consensus estimate of $358.62 million. On average, research analysts forecast that Accel Entertainment, Inc. will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACEL. State Board of Administration of Florida Retirement System raised its position in shares of Accel Entertainment by 39.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 21,476 shares of the company’s stock worth $229,000 after acquiring an additional 6,066 shares during the period. R Squared Ltd boosted its stake in shares of Accel Entertainment by 52.2% during the 3rd quarter. R Squared Ltd now owns 39,925 shares of the company’s stock worth $426,000 after acquiring an additional 13,686 shares in the last quarter. Uhlmann Price Securities LLC purchased a new stake in shares of Accel Entertainment during the 3rd quarter worth about $203,000. CenterBook Partners LP acquired a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $499,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $128,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ACEL has been the topic of a number of recent research reports. Wall Street Zen upgraded Accel Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Citigroup reaffirmed a “market outperform” rating on shares of Accel Entertainment in a report on Wednesday, August 5th. National Bank Financial set a $15.00 price target on Accel Entertainment in a research report on Wednesday, August 5th. Wells Fargo & Company initiated coverage on Accel Entertainment in a report on Friday, August 21st. They issued an “equal weight” rating and a $14.00 price target for the company. Finally, Citizens Jmp upped their price objective on Accel Entertainment from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Accel Entertainment Company Profile

Accel Entertainment, Inc. is a distributed gaming operator that supplies and manages video gaming terminals and related equipment at licensed locations. Its gaming machines are typically placed in bars, restaurants and other local businesses that share in the revenue generated by play. The company provides services such as installing, maintaining and monitoring its equipment, along with support for the regulatory requirements involved in operating gaming terminals. Accel’s business model gives local venues access to gaming without requiring them to manage the machines themselves.