Accel Entertainment (NYSE:ACEL) Insider Derek Harmer Sells 2,092 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $11.45, for a total transaction of $23,953.40. Following the transaction, the insider owned 199,963 shares of the company’s stock, valued at approximately $2,289,576.35. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Derek Harmer also recently made the following trade(s):

• On Tuesday, December 23rd, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.50, for a total transaction of $57,500.00.
• On Monday, December 15th, Derek Harmer sold 10,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.11, for a total transaction of $111,100.00.

Accel Entertainment Trading Down 0.5%

ACEL stock traded down $0.06 during midday trading on Friday, hitting $11.27. 209,565 shares of the company’s stock were exchanged, compared to its average volume of 423,079. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $13.31. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.55 and a current ratio of 2.61. The company has a market cap of $937.36 million, a PE ratio of 18.78 and a beta of 1.05. The stock’s fifty day moving average price is $11.34 and its 200-day moving average price is $10.96.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $341.45 million for the quarter, compared to analysts’ expectations of $335.66 million. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%. Research analysts predict that Accel Entertainment, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Accel Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Accel Entertainment in the third quarter valued at $49,000. Osaic Holdings Inc. grew its position in shares of Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after acquiring an additional 4,608 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Accel Entertainment in the 4th quarter valued at about $118,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Accel Entertainment in the 1st quarter valued at about $110,000. Institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACEL shares. Citizens Jmp increased their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Citigroup initiated coverage on shares of Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating for the company. Truist Financial boosted their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings upgraded shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

About Accel Entertainment

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.