Key Points
- Insider sale: Director Derek Harmer sold 10,000 shares on December 15 at an average price of $11.11 for $111,100, reducing his stake by 4.65% to 204,917 shares (valued at about $2.28M).
- Market and analyst snapshot: ACEL opened at $11.04 (down ~2%), has a market cap of ~$918.6M and a 52-week range of $9.02–$13.27, is ~55% institutionally owned, and carries a consensus "Moderate Buy" with a $14 target.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 10,000 shares of the business's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $11.11, for a total transaction of $111,100.00. Following the sale, the insider owned 204,917 shares in the company, valued at $2,276,627.87. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Accel Entertainment Stock Down 2.0%
Shares of NYSE ACEL opened at $11.04 on Wednesday. The stock has a market capitalization of $918.64 million, a price-to-earnings ratio of 22.08 and a beta of 1.07. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $13.27. The firm has a 50-day moving average price of $10.32 and a 200 day moving average price of $11.14. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12.
Institutional Trading of Accel Entertainment
Several institutional investors and hedge funds have recently made changes to their positions in ACEL. Vanguard Group Inc. raised its holdings in Accel Entertainment by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,506,347 shares of the company's stock valued at $34,783,000 after acquiring an additional 40,524 shares during the last quarter. Invesco Ltd. grew its holdings in Accel Entertainment by 24.7% in the 1st quarter. Invesco Ltd. now owns 912,129 shares of the company's stock valued at $9,048,000 after buying an additional 180,868 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Accel Entertainment by 97.4% during the 1st quarter. Hsbc Holdings PLC now owns 56,952 shares of the company's stock worth $564,000 after acquiring an additional 28,103 shares during the period. 1060 Capital LLC acquired a new position in shares of Accel Entertainment in the 1st quarter valued at $1,079,000. Finally, Hill Path Capital LP purchased a new stake in shares of Accel Entertainment during the 2nd quarter valued at $32,828,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ACEL has been the subject of a number of research reports. Truist Financial started coverage on shares of Accel Entertainment in a research report on Tuesday. They set a "hold" rating and a $13.00 price target for the company. JMP Securities set a $13.00 price objective on Accel Entertainment in a report on Friday, December 5th. Citigroup initiated coverage on Accel Entertainment in a research report on Friday, December 5th. They set an "outperform" rating on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Accel Entertainment in a research report on Monday. Finally, Wall Street Zen downgraded Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 1st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.00.
Read Our Latest Report on ACEL
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.
Further Reading
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