Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $821,100.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 70,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $11.73, for a total transaction of $821,100.00. Following the transaction, the director now owns 277,455 shares in the company, valued at $3,254,547.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Accel Entertainment Trading Up 3.0 %

Accel Entertainment stock opened at $11.85 on Monday. The stock has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $10.83. The stock has a market capitalization of $975.76 million, a P/E ratio of 23.24 and a beta of 1.47. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ACEL. Covestor Ltd lifted its holdings in Accel Entertainment by 31,840.0% during the 1st quarter. Covestor Ltd now owns 3,194 shares of the company’s stock valued at $38,000 after purchasing an additional 3,184 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Accel Entertainment during the 1st quarter worth about $52,000. Quarry LP grew its stake in Accel Entertainment by 268.4% in the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after buying an additional 6,296 shares during the last quarter. Creative Planning bought a new position in Accel Entertainment in the 3rd quarter valued at about $144,000. Finally, Principal Financial Group Inc. lifted its position in Accel Entertainment by 8.2% during the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock worth $205,000 after acquiring an additional 1,519 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.