Insider Sale: Director of Accel Entertainment, Inc. (NYSE: ACEL) Sells 60,367 Shares
Accel Entertainment, Inc. (NYSE: ACEL) director David W. Ruttenberg sold 60,367 shares in a trade that took place on Friday, October 1. The stock was sold for an average price of $ 12.58, for a total value of $ 759,416.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Accel Entertainment Shares traded at $ 0.69 on Friday, hitting $ 12.83. The company’s shares had a trading volume of 388,808 shares, compared to its average volume of 218,005. The company has a market capitalization of $ 1.20 billion, a P / E ratio of 47.52 and a beta of 1.30. The company has a quick ratio of 3.38, a current ratio of 3.38, and a debt ratio of 2.15. The company has a fifty-day moving average price of $ 11.49 and a 200-day moving average price of $ 11.85. Accel Entertainment, Inc. has a one-year minimum of $ 8.82 and a one-year maximum of $ 13.75.
Accel Entertainment (NYSE: ACEL) last reported its quarterly results on Wednesday, August 4. The company reported EPS of $ 0.27 for the quarter, beating analyst consensus estimates of $ 0.22 by $ 0.05. Accel Entertainment had a net margin of 4.32% and a return on equity of 32.90%. The company posted revenue of $ 201.97 million in the quarter, compared to analysts’ expectations of $ 201.47 million. Analysts predict that Accel Entertainment, Inc. will post 0.74 EPS for the current year.
Hedge funds recently changed their positions in the title. Royal Bank of Canada increased its holdings of Accel Entertainment shares by 3,026.0% in the first quarter. Royal Bank of Canada now owns 3,126 shares of the company valued at $ 34,000 after purchasing an additional 3,026 shares in the last quarter. Citigroup Inc. increased its stake in Accel Entertainment shares by 67.3% during the second quarter. Citigroup Inc. now owns 7,816 shares of the company valued at $ 93,000 after purchasing an additional 3,144 shares in the last quarter. Amalgamated Bank purchased a new equity stake in Accel Entertainment during the second quarter valued at approximately $ 126,000. Metropolitan Life Insurance Co NY increased its position in Accel Entertainment shares by 110,991.7% during the second quarter. Metropolitan Life Insurance Co NY now owns 13,331 shares of the company valued at $ 158,000 after acquiring an additional 13,319 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Accel Entertainment shares by 8.3% during the second quarter. ProShare Advisors LLC now owns 14,613 shares of the company valued at $ 173,000 after acquiring an additional 1,122 shares in the last quarter. 40.17% of the shares are held by hedge funds and other institutional investors.
ACEL has been the subject of several research analyst reports. Northland Securities reaffirmed a “buy” note and issued a price target of $ 20.00 on Accel Entertainment shares in a report released Thursday, July 15. Zacks investment research upgraded Accel Entertainment from a “keep” rating to a “buy” rating and set a price target of $ 12.00 on the stock in a research note on Tuesday, August 3. Finally, Macquarie raised its price target on Accel Entertainment from $ 13.00 to $ 14.00 and gave the stock a “neutral” rating in a research note on Thursday, June 3. Two equity research analysts rated the stock with a conservation rating and four issued a buy rating for the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $ 14.75.
About Accel Entertainment
Accel Entertainment, Inc. engages in the installation and operation of video game terminals in licensed video game locations. It also operates stand-alone ATMs in gaming and non-gaming locations. The company was founded by Andrew Rubenstein and Gordon Rubenstein on December 8, 2010 and is headquartered in Burr Ridge, Illinois.
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