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

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $11.59, for a total transaction of $289,750.00. Following the completion of the transaction, the director now directly owns 385,635 shares of the company’s stock, valued at approximately $4,469,509.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Accel Entertainment Price Performance

NYSE ACEL opened at $11.57 on Thursday. The company has a market cap of $956.14 million, a price-to-earnings ratio of 20.30 and a beta of 1.47. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.05 and a quick ratio of 2.98. The stock’s fifty day moving average price is $11.43 and its 200 day moving average price is $10.86. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.61.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Accel Entertainment had a return on equity of 36.19% and a net margin of 4.05%. The business had revenue of $309.41 million for the quarter, compared to the consensus estimate of $302.24 million. As a group, equities research analysts forecast that Accel Entertainment, Inc. will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in Accel Entertainment by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock valued at $205,000 after acquiring an additional 1,519 shares during the period. Covestor Ltd grew its stake in shares of Accel Entertainment by 31,840.0% during the 1st quarter. Covestor Ltd now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 3,184 shares during the period. AdvisorShares Investments LLC lifted its stake in shares of Accel Entertainment by 13.5% in the 2nd quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock valued at $311,000 after purchasing an additional 3,720 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Accel Entertainment during the first quarter valued at $52,000. Finally, Quarry LP increased its holdings in Accel Entertainment by 268.4% in the second quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after buying an additional 6,296 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.