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 Accel Entertainment stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.68, for a total value of $292,000.00. Following the completion of the transaction, the director now owns 398,135 shares of the company’s stock, valued at $4,650,216.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Accel Entertainment Price Performance

ACEL stock traded up $0.24 during mid-day trading on Tuesday, reaching $11.98. 178,625 shares of the company traded hands, compared to its average volume of 259,390. The company has a fifty day moving average price of $11.00 and a 200-day moving average price of $10.84. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.05 and a quick ratio of 2.98. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61. The company has a market capitalization of $990.03 million, a P/E ratio of 23.49 and a beta of 1.47.

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

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its holdings in shares of Accel Entertainment by 65.7% during the 4th quarter. Teacher Retirement System of Texas now owns 45,404 shares of the company’s stock worth $466,000 after acquiring an additional 18,003 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Accel Entertainment in the 4th quarter worth approximately $236,000. Quest Partners LLC bought a new stake in shares of Accel Entertainment in the 4th quarter worth approximately $501,000. Cape Investment Advisory Inc. purchased a new stake in shares of Accel Entertainment in the 4th quarter valued at $50,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of Accel Entertainment by 4.1% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 123,459 shares of the company’s stock valued at $1,268,000 after purchasing an additional 4,815 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.

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.