David W. Ruttenberg Sells 14,292 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 14,292 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $11.01, for a total value of $157,354.92. Following the transaction, the director now owns 446,914 shares in the company, valued at approximately $4,920,523.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Accel Entertainment Stock Down 0.2 %

ACEL stock opened at $11.26 on Friday. The stock has a market capitalization of $943.17 million, a price-to-earnings ratio of 21.24 and a beta of 1.40. The company has a debt-to-equity ratio of 2.59, a current ratio of 2.85 and a quick ratio of 2.78. Accel Entertainment, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $12.05. The business’s fifty day moving average price is $11.19 and its two-hundred day moving average price is $10.58.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $297.07 million for the quarter, compared to analyst estimates of $286.32 million. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. On average, equities analysts anticipate that Accel Entertainment, Inc. will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors have recently made changes to their positions in the stock. Quarry LP increased its position in Accel Entertainment by 54.3% in the 4th quarter. Quarry LP now owns 2,823 shares of the company’s stock valued at $29,000 after buying an additional 993 shares in the last quarter. UBS Group AG increased its position in shares of Accel Entertainment by 28,100.0% during the third quarter. UBS Group AG now owns 3,666 shares of the company’s stock worth $29,000 after acquiring an additional 3,653 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Accel Entertainment by 154.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,838 shares of the company’s stock worth $41,000 after acquiring an additional 2,332 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Accel Entertainment during the 1st quarter valued at about $52,000. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Accel Entertainment in the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

About Accel Entertainment

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.