Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $287,500.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the sale, the director now owns 360,635 shares in the company, valued at $4,147,302.50. This represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Accel Entertainment Stock Performance

NYSE ACEL opened at $10.73 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The company has a market cap of $883.54 million, a P/E ratio of 21.04 and a beta of 1.46. The stock has a 50-day moving average of $11.54 and a two-hundred day moving average of $11.09. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.96.

Institutional Investors Weigh In On Accel Entertainment

Several large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors purchased a new position in Accel Entertainment in the 3rd quarter valued at approximately $1,953,000. Greenvale Capital LLP raised its stake in shares of 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. American Century Companies Inc. boosted its holdings in Accel Entertainment by 1.1% in the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after purchasing an additional 36,316 shares during the period. SG Americas Securities LLC acquired a new position in Accel Entertainment during the 3rd quarter worth $341,000. Finally, Creative Planning purchased a new stake in Accel Entertainment during the 3rd quarter worth about $144,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

About Accel Entertainment

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.