Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 25,000 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $11.59, for a total value of $289,750.00. Following the sale, the director now directly owns 385,635 shares in the company, valued at $4,469,509.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Accel Entertainment Trading Down 0.2 %

ACEL opened at $11.57 on Thursday. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57. The firm has a market cap of $956.14 million, a price-to-earnings ratio of 20.30 and a beta of 1.47. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. The stock has a fifty day moving average price of $11.43 and a 200-day moving average price of $10.86.

Accel Entertainment (NYSE:ACEL) last announced its earnings results on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. The business had revenue of $309.41 million during the quarter, compared to the consensus estimate of $302.24 million. As a group, equities research analysts anticipate that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Accel Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of ACEL. Covestor Ltd grew its holdings in Accel Entertainment by 31,840.0% in the first quarter. Covestor Ltd now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 3,184 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Accel Entertainment in the 1st quarter worth $52,000. Quarry LP grew its stake in 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 buying an additional 6,296 shares during the last quarter. Creative Planning acquired a new position in Accel Entertainment during the 3rd quarter valued at about $144,000. Finally, Principal Financial Group Inc. raised its stake in Accel Entertainment by 8.2% in the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock valued at $205,000 after buying an additional 1,519 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

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.