Accel Entertainment (NYSE:ACEL) Insider Derek Harmer Sells 20,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $11.39, for a total transaction of $227,800.00. Following the transaction, the insider directly owned 179,963 shares in the company, valued at $2,049,778.57. This represents a 10.00% decrease in their ownership of the stock. 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, March 10th, Derek Harmer sold 2,092 shares of Accel Entertainment stock. The shares were sold at an average price of $11.45, for a total value of $23,953.40.
• 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 value of $57,500.00.

Accel Entertainment Price Performance

Accel Entertainment stock opened at $11.16 on Tuesday. The stock’s fifty day moving average price is $11.33 and its two-hundred day moving average price is $10.95. 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 current ratio of 2.61 and a quick ratio of 2.55. The firm has a market cap of $910.32 million, a PE ratio of 18.60 and a beta of 1.05.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in shares of Accel Entertainment during the 3rd quarter valued at approximately $49,000. Osaic Holdings Inc. boosted its position in Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after buying an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after buying an additional 4,700 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Accel Entertainment during the first quarter worth $110,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Accel Entertainment during the fourth quarter worth $118,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.