Mark Phelan Sells 25,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) COO Mark Phelan sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $13.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief operating officer directly owned 241,464 shares in the company, valued at approximately $3,139,032. The trade was a 9.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Stock Down 1.3%

ACEL traded down $0.18 during trading on Monday, reaching $13.02. The company had a trading volume of 510,019 shares, compared to its average volume of 365,329. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64. Accel Entertainment, Inc. has a 12 month low of $9.55 and a 12 month high of $14.00. The business’s fifty day moving average price is $11.90 and its 200 day moving average price is $11.43. The company has a market cap of $1.06 billion, a P/E ratio of 21.71 and a beta of 1.01.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The firm had revenue of $351.56 million for the quarter, compared to analyst estimates of $342.88 million. Equities analysts anticipate that Accel Entertainment, Inc. will post 0.7 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACEL. Weiss Ratings downgraded shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Truist Financial lifted their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Citizens Jmp lifted their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Institutional Trading of Accel Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG increased its holdings in Accel Entertainment by 71.6% during the fourth quarter. UBS Group AG now owns 200,736 shares of the company’s stock worth $2,290,000 after buying an additional 83,725 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Accel Entertainment by 105.6% during the fourth quarter. Hsbc Holdings PLC now owns 118,610 shares of the company’s stock worth $1,352,000 after buying an additional 60,917 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Accel Entertainment by 249.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 139,441 shares of the company’s stock worth $1,521,000 after buying an additional 99,521 shares during the last quarter. 9823 Capital L.P. acquired a new position in Accel Entertainment during the fourth quarter worth $180,000. Finally, FourThought Financial Partners LLC acquired a new position in Accel Entertainment during the fourth quarter worth $204,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

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.