Derek Harmer Sells 2,232 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL – Get Rating) insider Derek Harmer sold 2,232 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $9.00, for a total transaction of $20,088.00. Following the sale, the insider now owns 193,777 shares in the company, valued at $1,743,993. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Accel Entertainment Price Performance

Shares of NYSE:ACEL opened at $8.69 on Friday. The firm has a 50 day moving average of $9.09 and a 200-day moving average of $8.77. Accel Entertainment, Inc. has a 12 month low of $7.26 and a 12 month high of $13.37. The company has a current ratio of 3.33, a quick ratio of 3.25 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $753.16 million, a PE ratio of 10.73 and a beta of 1.24.

Accel Entertainment (NYSE:ACEL – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Accel Entertainment had a net margin of 7.64% and a return on equity of 44.60%. The business had revenue of $278.07 million for the quarter, compared to analysts’ expectations of $276.77 million. On average, equities research analysts predict that Accel Entertainment, Inc. will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors have recently modified their holdings of ACEL. Voya Investment Management LLC boosted its stake in Accel Entertainment by 30.1% in the fourth quarter. Voya Investment Management LLC now owns 54,909 shares of the company’s stock valued at $423,000 after buying an additional 12,701 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Accel Entertainment by 20.9% in the fourth quarter. Alliancebernstein L.P. now owns 30,600 shares of the company’s stock worth $236,000 after acquiring an additional 5,300 shares during the last quarter. State of Wyoming boosted its stake in shares of Accel Entertainment by 50.1% in the 4th quarter. State of Wyoming now owns 13,441 shares of the company’s stock valued at $103,000 after purchasing an additional 4,489 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Accel Entertainment during the 4th quarter valued at approximately $167,000. Finally, Morgan Stanley increased its position in Accel Entertainment by 11.0% during the 4th quarter. Morgan Stanley now owns 136,881 shares of the company’s stock worth $1,054,000 after purchasing an additional 13,597 shares in the last quarter. Institutional investors and hedge funds own 47.34% of the company’s stock.

Accel Entertainment Company Profile

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Accel Entertainment, Inc operates as a distributed gaming operator. 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.