Key Points
- Accel Entertainment COO Mark Phelan sold 25,000 shares on Monday at an average price of $13.00, generating about $325,000. The sale, filed with the SEC, was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Phelan still owned 241,464 shares valued at roughly $3.14 million, representing a 9.38% decrease in his holdings.
- Accel Entertainment recently reported better-than-expected quarterly results, with EPS of $0.17 versus the $0.16 consensus and revenue of $351.56 million. Analysts currently rate the stock a Moderate Buy with a consensus target price of $14.67.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) insider Derek Harmer sold 20,000 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $13.00, for a total transaction of $260,000.00. Following the transaction, the insider directly owned 187,827 shares of the company's stock, valued at approximately $2,441,751. This represents a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Accel Entertainment Stock Down 1.3%
Accel Entertainment stock opened at $13.02 on Tuesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 21.71 and a beta of 1.01. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64. Accel Entertainment, Inc. has a fifty-two week low of $9.55 and a fifty-two week high of $14.00. The firm has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $11.45.
Accel Entertainment (NYSE:ACEL - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $351.56 million during the quarter, compared to analyst estimates of $342.88 million. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. As a group, analysts forecast that Accel Entertainment, Inc. will post 0.7 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ACEL. Osaic Holdings Inc. increased its holdings in shares of Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company's stock worth $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company's stock worth $84,000 after purchasing an additional 4,700 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Accel Entertainment during the 1st quarter worth about $110,000. EntryPoint Capital LLC bought a new position in shares of Accel Entertainment during the 4th quarter worth about $118,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Accel Entertainment during the 4th quarter worth about $131,000. Institutional investors own 55.39% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Citizens Jmp boosted their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a "market outperform" rating in a research report on Wednesday, March 4th. Wall Street Zen lowered shares of Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 2nd. Weiss Ratings lowered shares of Accel Entertainment from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, May 11th. Zacks Research lowered shares of Accel Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 22nd. Finally, Truist Financial boosted their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a "hold" rating in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Accel Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $14.67.
Get 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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