Accel Entertainment, Inc. (NYSE:ACEL) Insider Sells $116,400.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.64, for a total transaction of $116,400.00. Following the sale, the insider now directly owns 184,626 shares in the company, valued at approximately $2,149,046.64. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, July 12th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00.
• On Thursday, June 20th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The stock was sold at an average price of $10.00, for a total value of $50,000.00.

Accel Entertainment Price Performance

ACEL stock opened at $12.09 on Friday. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61. The firm has a market capitalization of $999.12 million, a price-to-earnings ratio of 23.61 and a beta of 1.47. The firm has a 50 day moving average price of $11.08 and a 200-day moving average price of $10.85. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.98 and a current ratio of 3.05.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, beating 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 firm had revenue of $309.41 million for the quarter, compared to analysts’ expectations of $302.24 million. Equities research analysts forecast that Accel Entertainment, Inc. will post 0.75 EPS for the current fiscal year.

Institutional Trading of Accel Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of ACEL. Aristides Capital LLC bought a new position in shares of Accel Entertainment during the second quarter valued at $271,000. Greenvale Capital LLP raised its position in Accel Entertainment by 7.3% in the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after buying an additional 398,302 shares during the last quarter. Quarry LP lifted its stake in Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after acquiring an additional 6,296 shares during the period. Sei Investments Co. lifted its stake in Accel Entertainment by 2.1% during the 2nd quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock valued at $4,046,000 after acquiring an additional 8,138 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Accel Entertainment by 40.7% during the 2nd quarter. Hsbc Holdings PLC now owns 47,204 shares of the company’s stock valued at $485,000 after acquiring an additional 13,663 shares during the last quarter. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

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.