Key Points
- Insider sale: Director Derek Harmer sold 5,000 shares on Dec. 23 at $11.50 for $57,500 (after previously selling 10,000 shares on Dec. 15), leaving him with 199,917 shares — a 2.44% reduction in his position.
- Valuation and trading range: Accel Entertainment has a market cap of about $968 million, a P/E of 23.26, and a 52-week range of $9.02 to $13.27 (50-day/200-day moving averages $10.49/$11.14).
- Analyst and institutional interest: The consensus rating is a "Moderate Buy" with a $14 price target, and institutional investors own 55.39% of the stock, including a notable new ~$32.8 million position by Hill Path Capital.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $11.50, for a total value of $57,500.00. Following the completion of the transaction, the insider directly owned 199,917 shares in the company, valued at $2,299,045.50. The trade was a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Derek Harmer also recently made the following trade(s):
- On Monday, December 15th, Derek Harmer sold 10,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.11, for a total value of $111,100.00.
Accel Entertainment Stock Performance
Shares of NYSE ACEL opened at $11.63 on Tuesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.57 and a quick ratio of 2.50. The stock's fifty day moving average price is $10.49 and its two-hundred day moving average price is $11.14. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $13.27. The firm has a market cap of $967.82 million, a price-to-earnings ratio of 23.26 and a beta of 1.07.
Institutional Trading of Accel Entertainment
A number of institutional investors and hedge funds have recently made changes to their positions in ACEL. Hill Path Capital LP bought a new position in Accel Entertainment in the second quarter valued at approximately $32,828,000. Hsbc Holdings PLC lifted its stake in Accel Entertainment by 97.4% during the first quarter. Hsbc Holdings PLC now owns 56,952 shares of the company's stock worth $564,000 after purchasing an additional 28,103 shares during the last quarter. 1060 Capital LLC acquired a new stake in shares of Accel Entertainment in the 1st quarter valued at $1,079,000. Trexquant Investment LP bought a new position in shares of Accel Entertainment in the 1st quarter valued at $408,000. Finally, Magnetar Financial LLC raised its holdings in shares of Accel Entertainment by 308.0% during the 1st quarter. Magnetar Financial LLC now owns 75,011 shares of the company's stock worth $744,000 after buying an additional 56,626 shares in the last quarter. Institutional investors own 55.39% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ACEL. Wall Street Zen lowered shares of Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 1st. Zacks Research cut shares of Accel Entertainment from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Accel Entertainment in a research report on Monday, December 22nd. JMP Securities set a $13.00 price target on Accel Entertainment in a research note on Friday, December 5th. Finally, Citigroup started coverage on Accel Entertainment in a research note on Friday, December 5th. They set an "outperform" rating on the stock. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.
Read Our Latest Report on ACEL
About Accel Entertainment
(
Get Free Report)
Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.
Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.
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