Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $265,250.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $10.61, for a total transaction of $265,250.00. Following the completion of the sale, the director now directly owns 348,135 shares of the company’s stock, valued at $3,693,712.35. This represents a 6.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Accel Entertainment Trading Down 0.2 %

Accel Entertainment stock opened at $11.29 on Friday. The firm has a 50 day moving average of $11.15 and a 200 day moving average of $11.20. The firm has a market capitalization of $929.87 million, a price-to-earnings ratio of 22.14 and a beta of 1.46. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.96. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in Accel Entertainment in the 4th quarter worth approximately $91,000. SG Americas Securities LLC boosted its stake in Accel Entertainment by 34.8% in the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock worth $422,000 after purchasing an additional 10,194 shares during the period. JPMorgan Chase & Co. boosted its stake in Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock worth $3,304,000 after purchasing an additional 3,355 shares during the period. Hohimer Wealth Management LLC bought a new position in Accel Entertainment in the 3rd quarter worth approximately $193,000. Finally, Barclays PLC boosted its stake in Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after purchasing an additional 57,666 shares during the period. 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.