Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $288,750.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.55, for a total transaction of $288,750.00. Following the transaction, the director now directly owns 373,135 shares of the company’s stock, valued at $4,309,709.25. The trade was a 6.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Accel Entertainment Stock Performance

Accel Entertainment stock traded down $0.04 during trading on Tuesday, reaching $11.42. The company had a trading volume of 122,886 shares, compared to its average volume of 242,374. The firm has a market capitalization of $940.32 million, a price-to-earnings ratio of 22.46 and a beta of 1.47. 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’s 50-day simple moving average is $11.51 and its 200 day simple moving average is $10.86. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.61.

Institutional Investors Weigh In On Accel Entertainment

A number of institutional investors have recently added to or reduced their stakes in ACEL. Covestor Ltd lifted its stake in Accel Entertainment by 31,840.0% in 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Accel Entertainment during the first quarter valued at approximately $52,000. Point72 Asset Management L.P. purchased a new position in Accel Entertainment during the 3rd quarter valued at approximately $64,000. Quantbot Technologies LP bought a new stake in Accel Entertainment in the 3rd quarter worth approximately $78,000. Finally, Quarry LP raised 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 worth $89,000 after acquiring an additional 6,296 shares in the last quarter. 55.39% of the stock is 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.