Accel Entertainment (NYSE:ACEL – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
Accel Entertainment Stock Down 2.4%
Shares of NYSE:ACEL opened at $11.13 on Friday. The company has a quick ratio of 2.56, a current ratio of 2.64 and a debt-to-equity ratio of 2.15. Accel Entertainment has a fifty-two week low of $9.02 and a fifty-two week high of $13.27. The firm’s 50 day moving average price is $11.79 and its 200 day moving average price is $11.23. The stock has a market cap of $937.73 million, a price-to-earnings ratio of 27.81 and a beta of 1.12.
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Insider Buying and Selling
In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $11.50, for a total transaction of $57,500.00. Following the sale, the insider owned 202,880 shares of the company’s stock, valued at approximately $2,333,120. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.10, for a total transaction of $277,500.00. Following the sale, the director directly owned 260,635 shares in the company, valued at approximately $2,893,048.50. The trade was a 8.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,000 shares of company stock worth $637,250. 18.33% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Accel Entertainment
Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in shares of Accel Entertainment in the 1st quarter valued at $35,000. CWM LLC increased its holdings in shares of Accel Entertainment by 151.7% in the 2nd quarter. CWM LLC now owns 4,992 shares of the company’s stock valued at $59,000 after acquiring an additional 3,009 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after acquiring an additional 4,608 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after acquiring an additional 4,700 shares during the period. Finally, Trifecta Capital Advisors LLC increased its holdings in shares of Accel Entertainment by 437.9% in the 1st quarter. Trifecta Capital Advisors LLC now owns 9,144 shares of the company’s stock valued at $91,000 after acquiring an additional 7,444 shares during the period. 55.39% of the stock is owned by institutional investors and hedge funds.
About Accel Entertainment
(Get Free Report)
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.
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