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

Accel Entertainment, Inc. (NYSE:ACEL) Director David Ruttenberg sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.19, for a total transaction of $279,750.00. Following the completion of the transaction, the director directly owned 223,135 shares in the company, valued at approximately $2,496,880.65. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Accel Entertainment Price Performance

NYSE:ACEL traded down $0.22 during mid-day trading on Tuesday, reaching $11.04. The stock had a trading volume of 513,168 shares, compared to its average volume of 352,099. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $13.27. The stock has a market capitalization of $918.62 million, a PE ratio of 22.08 and a beta of 1.07. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. The stock has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $11.15.

Analyst Ratings Changes

ACEL has been the subject of several recent analyst reports. Truist Financial assumed coverage on Accel Entertainment in a research report on Tuesday. They set a “hold” rating and a $13.00 price objective for the company. Citizens Jmp assumed coverage on shares of Accel Entertainment in a research report on Friday, December 5th. They set a “market outperform” rating and a $13.00 price objective for the company. Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Citigroup assumed coverage on shares of Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating on the stock. Finally, Macquarie reiterated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a report on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Institutional Investors Weigh In On Accel Entertainment

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in Accel Entertainment during the 3rd quarter worth approximately $49,000. CWM LLC lifted its holdings in shares of Accel Entertainment by 151.7% during the second quarter. CWM LLC now owns 4,992 shares of the company’s stock worth $59,000 after purchasing an additional 3,009 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Accel Entertainment in the first quarter worth $110,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

About Accel Entertainment

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.