Bruce Wardinski Purchases 50,000 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Bruce Wardinski acquired 50,000 shares of the stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $11.55 per share, for a total transaction of $577,500.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at $577,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Accel Entertainment Stock Performance

Shares of NYSE ACEL opened at $11.47 on Wednesday. The business has a fifty day simple moving average of $11.54 and a 200 day simple moving average of $11.11. The company has a current ratio of 2.71, a quick ratio of 2.64 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $935.28 million, a price-to-earnings ratio of 19.11 and a beta of 1.04. Accel Entertainment, Inc. has a one year low of $9.55 and a one year high of $13.31.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm 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%. Sell-side analysts expect that Accel Entertainment, Inc. will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Accel Entertainment during the fourth quarter worth approximately $118,000. Jacobs Levy Equity Management Inc. bought a new stake in Accel Entertainment during the 1st quarter worth approximately $110,000. Osaic Holdings Inc. grew its position in Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after acquiring an additional 4,608 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Accel Entertainment by 105.6% during the 4th quarter. Hsbc Holdings PLC now owns 118,610 shares of the company’s stock valued at $1,352,000 after purchasing an additional 60,917 shares in the last quarter. Finally, UBS Group AG increased its holdings in Accel Entertainment by 71.6% during the 4th quarter. UBS Group AG now owns 200,736 shares of the company’s stock valued at $2,290,000 after purchasing an additional 83,725 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citizens Jmp upped their target price 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. Zacks Research raised Accel Entertainment from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Truist Financial increased their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings downgraded Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

Accel Entertainment Company Profile

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.