Insider Selling: Accel Entertainment (NYSE:ACEL) Insider Sells $260,000.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 20,000 shares of Accel Entertainment stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $13.00, for a total value of $260,000.00. Following the completion of the transaction, the insider owned 187,827 shares of the company’s stock, valued at $2,441,751. The trade was a 9.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Stock Performance

Shares of ACEL opened at $12.73 on Thursday. The stock has a 50-day simple moving average of $12.01 and a 200-day simple moving average of $11.48. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. The stock has a market capitalization of $1.04 billion, a PE ratio of 21.21 and a beta of 1.01. Accel Entertainment, Inc. has a 1 year low of $9.55 and a 1 year high of $14.00.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $351.56 million during the quarter, compared to analysts’ expectations of $342.88 million. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%. On average, analysts predict that Accel Entertainment, Inc. will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ACEL. Truist Financial boosted their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Citizens Jmp boosted their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 4th. Weiss Ratings cut Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Zacks Research cut Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.67.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Accel Entertainment by 195.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after buying an additional 4,700 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Accel Entertainment during the first quarter worth approximately $110,000. EntryPoint Capital LLC acquired a new position in Accel Entertainment during the fourth quarter worth approximately $118,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Accel Entertainment during the fourth quarter worth approximately $131,000. Hedge funds and other institutional investors 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.