Key Points
- Insider sale: Derek Harmer sold 20,000 shares on March 13 at an average price of $11.39 for proceeds of $227,800, reducing his stake by 10% to 179,963 shares (≈$2.05M).
- Earnings and analyst view: Accel beat expectations with $0.19 EPS (vs. $0.15) and $341.45M revenue, and carries a "Moderate Buy" consensus from analysts with a $14.75 average price target.
- Stock profile: ACEL trades near $11.16, has a market cap of about $910M and a PE of 18.6, a 12‑month range of $9.02–$13.31, and roughly 55% institutional ownership.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 20,000 shares of the firm's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $11.39, for a total value of $227,800.00. Following the sale, the insider directly owned 179,963 shares in the company, valued at approximately $2,049,778.57. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Derek Harmer also recently made the following trade(s):
- On Tuesday, March 10th, Derek Harmer sold 2,092 shares of Accel Entertainment stock. The stock was sold at an average price of $11.45, for a total value of $23,953.40.
- On Tuesday, December 23rd, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.50, for a total value of $57,500.00.
Accel Entertainment Price Performance
Accel Entertainment stock opened at $11.16 on Tuesday. The stock has a 50-day moving average price of $11.33 and a two-hundred day moving average price of $10.95. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $13.31. The company has a market capitalization of $910.32 million, a PE ratio of 18.60 and a beta of 1.05. The company has a current ratio of 2.61, a quick ratio of 2.55 and a debt-to-equity ratio of 2.11.
Accel Entertainment (NYSE:ACEL - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%.The company had revenue of $341.45 million for the quarter, compared to analysts' expectations of $335.66 million. Analysts expect that Accel Entertainment, Inc. will post 0.8 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Hill Path Capital LP acquired a new stake in shares of Accel Entertainment during the second quarter worth $32,828,000. Geode Capital Management LLC raised its stake in Accel Entertainment by 2.1% during the second quarter. Geode Capital Management LLC now owns 1,266,697 shares of the company's stock worth $14,912,000 after buying an additional 26,419 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Accel Entertainment in the second quarter valued at $302,000. Hillsdale Investment Management Inc. lifted its holdings in Accel Entertainment by 29.7% in the second quarter. Hillsdale Investment Management Inc. now owns 486,300 shares of the company's stock valued at $5,724,000 after buying an additional 111,500 shares during the period. Finally, Kennedy Capital Management LLC boosted its position in Accel Entertainment by 7.6% during the second quarter. Kennedy Capital Management LLC now owns 126,611 shares of the company's stock valued at $1,490,000 after acquiring an additional 8,918 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company's stock.
Wall Street Analyst Weigh In
ACEL has been the subject of several recent research reports. Truist Financial upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a "hold" rating in a research report on Wednesday, March 4th. Weiss Ratings raised shares of Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, March 5th. Citizens Jmp increased their price objective on Accel Entertainment from $13.00 to $14.00 and gave the company a "market outperform" rating in a report on Wednesday, March 4th. Finally, Citigroup initiated coverage on Accel Entertainment in a research report on Friday, December 5th. They set an "outperform" rating for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.75.
Read Our Latest Report on Accel Entertainment
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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