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

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the sale, the director now directly owns 360,635 shares in the company, valued at approximately $4,147,302.50. This represents a 6.48 % 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 Stock Performance

NYSE:ACEL opened at $10.82 on Thursday. The stock has a 50-day moving average price of $11.55 and a 200 day moving average price of $11.10. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.96. The stock has a market capitalization of $890.95 million, a P/E ratio of 21.22 and a beta of 1.46.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new position in shares of Accel Entertainment in the third quarter worth $64,000. Quantbot Technologies LP purchased a new stake in Accel Entertainment in the 3rd quarter worth $78,000. Quarry LP boosted its holdings in shares of Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after purchasing an additional 6,296 shares during the last quarter. Creative Planning purchased a new position in shares of Accel Entertainment during the third quarter valued at about $144,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Accel Entertainment in the third quarter worth about $146,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

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.