Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 5,000 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $11.36, for a total value of $56,800.00. Following the completion of the transaction, the insider now directly owns 207,880 shares of the company's stock, valued at $2,361,516.80. This represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Derek Harmer also recently made the following trade(s):
- On Wednesday, March 19th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $10.00, for a total value of $50,000.00.
- On Wednesday, April 9th, 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.
Accel Entertainment Price Performance
Shares of ACEL opened at $11.21 on Wednesday. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The company has a current ratio of 2.42, a quick ratio of 2.35 and a debt-to-equity ratio of 2.11. The firm has a market cap of $948.39 million, a price-to-earnings ratio of 22.87 and a beta of 1.23. The stock has a 50 day moving average of $11.23 and a 200-day moving average of $11.03.
Hedge Funds Weigh In On Accel Entertainment
Several large investors have recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC increased its stake in Accel Entertainment by 5.4% during the first quarter. Hohimer Wealth Management LLC now owns 18,699 shares of the company's stock valued at $185,000 after purchasing an additional 961 shares during the last quarter. Covestor Ltd grew its position in shares of Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after buying an additional 1,051 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Accel Entertainment by 4.7% during the 1st quarter. MetLife Investment Management LLC now owns 31,104 shares of the company's stock valued at $309,000 after buying an additional 1,389 shares during the last quarter. Swiss National Bank raised its stake in Accel Entertainment by 1.7% during the first quarter. Swiss National Bank now owns 99,800 shares of the company's stock worth $990,000 after acquiring an additional 1,700 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in Accel Entertainment by 21.0% in the fourth quarter. EP Wealth Advisors LLC now owns 15,186 shares of the company's stock worth $162,000 after acquiring an additional 2,640 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have commented on ACEL. Northland Securities increased their price objective on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Macquarie reaffirmed an "outperform" rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th.
Get Our Latest Stock Analysis on ACEL
Accel Entertainment Company Profile
(
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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