Key Points
- Insider sale: Director David Ruttenberg sold 25,000 shares on January 15 at an average price of $11.58 for $289,500, trimming his stake by 10.61% to 210,635 shares (valued at about $2.44M), per the SEC filing.
- Stock snapshot: ACEL opened at $11.55 and was trading down 0.8%, with a market cap of ~$961M, a P/E of 23.1 and a 52-week range of $9.02–$13.27.
- Analyst and institutional backdrop: The stock has a consensus "Moderate Buy" (average target $14.00; four Buys, three Holds), while institutional investors own about 55.39% of shares and several funds have recently increased positions.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David Ruttenberg sold 25,000 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $11.58, for a total transaction of $289,500.00. Following the completion of the sale, the director owned 210,635 shares of the company's stock, valued at $2,439,153.30. This trade represents a 10.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Accel Entertainment Trading Down 0.8%
Shares of Accel Entertainment stock opened at $11.55 on Friday. The firm has a market cap of $961.08 million, a price-to-earnings ratio of 23.10 and a beta of 1.08. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $13.27. The company's 50-day simple moving average is $10.86 and its 200-day simple moving average is $11.15. 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 Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP grew its holdings in shares of Accel Entertainment by 8.7% during the second quarter. Engineers Gate Manager LP now owns 11,960 shares of the company's stock worth $141,000 after buying an additional 956 shares in the last quarter. AdvisorShares Investments LLC boosted its position in Accel Entertainment by 3.3% during the second quarter. AdvisorShares Investments LLC now owns 30,942 shares of the company's stock worth $364,000 after acquiring an additional 1,000 shares during the last quarter. Cerity Partners LLC grew its stake in Accel Entertainment by 3.9% in the 2nd quarter. Cerity Partners LLC now owns 30,763 shares of the company's stock worth $362,000 after acquiring an additional 1,145 shares during the period. The Manufacturers Life Insurance Company grew its stake in Accel Entertainment by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,083 shares of the company's stock worth $248,000 after acquiring an additional 1,694 shares during the period. Finally, Zacks Investment Management raised its holdings in Accel Entertainment by 9.4% in the 3rd quarter. Zacks Investment Management now owns 23,647 shares of the company's stock valued at $262,000 after acquiring an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. JMP Securities set a $13.00 price target on Accel Entertainment in a report on Friday, December 5th. Citizens Jmp started coverage on Accel Entertainment in a report on Friday, December 5th. They issued a "market outperform" rating and a $13.00 target price for the company. Truist Financial started coverage on shares of Accel Entertainment in a research report on Tuesday, December 16th. They set a "hold" rating and a $13.00 target price on the stock. Citigroup began coverage on shares of Accel Entertainment in a report on Friday, December 5th. They issued an "outperform" rating for the company. Finally, Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Accel Entertainment in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.
Get Our Latest Research 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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