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 Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total transaction of $265,250.00. Following the transaction, the director now owns 348,135 shares in the company, valued at $3,693,712.35. The trade was a 6.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Accel Entertainment Stock Up 2.5 %

NYSE:ACEL traded up $0.27 during mid-day trading on Tuesday, hitting $10.99. The company had a trading volume of 602,539 shares, compared to its average volume of 231,478. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.96. The business has a fifty day simple moving average of $11.19 and a 200-day simple moving average of $11.19. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $904.92 million, a price-to-earnings ratio of 21.55 and a beta of 1.46.

Institutional Investors Weigh In On Accel Entertainment

Hedge funds have recently modified their holdings of the stock. Greenvale Capital LLP grew its position in Accel Entertainment by 7.3% in the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after acquiring an additional 398,302 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Accel Entertainment in the third quarter valued at $1,953,000. Barclays PLC grew its holdings in Accel Entertainment by 34.6% during the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after purchasing an additional 57,666 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Accel Entertainment by 20.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock valued at $2,161,000 after purchasing an additional 31,502 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Accel Entertainment during the 3rd quarter worth $341,000. 55.39% of the stock is currently owned by hedge funds and other 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.