Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 25,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $11.68, for a total value of $292,000.00. Following the completion of the sale, the director now owns 398,135 shares in the company, valued at $4,650,216.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.96 on Thursday. The stock has a fifty day moving average price of $11.04 and a 200 day moving average price of $10.85. The stock has a market cap of $988.37 million, a PE ratio of 23.45 and a beta of 1.47. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.61. 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 issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $309.41 million during the quarter, compared to analysts’ expectations of $302.24 million. Accel Entertainment had a return on equity of 36.19% and a net margin of 4.05%. Sell-side analysts forecast that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors have recently made changes to their positions in ACEL. Greenvale Capital LLP raised its holdings in shares of Accel Entertainment by 7.3% in the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after acquiring an additional 398,302 shares during the last quarter. Mill Road Capital Management LLC raised its holdings in shares of Accel Entertainment by 282.9% in the fourth quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock worth $3,086,000 after acquiring an additional 222,005 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Accel Entertainment in the fourth quarter worth $514,000. Quest Partners LLC acquired a new position in shares of Accel Entertainment in the fourth quarter worth $501,000. Finally, Boston Partners acquired a new position in shares of Accel Entertainment in the first quarter worth $555,000. 55.39% of the stock is owned by institutional investors and hedge funds.

About Accel Entertainment

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.