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

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 14,292 shares of Accel Entertainment stock in a transaction on Monday, April 15th. The shares were sold at an average price of $11.01, for a total value of $157,354.92. Following the sale, the director now directly owns 446,914 shares of the company’s stock, valued at $4,920,523.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Accel Entertainment Stock Up 0.2 %

NYSE ACEL traded up $0.02 on Wednesday, reaching $11.27. 124,356 shares of the stock traded hands, compared to its average volume of 256,117. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.78 and a current ratio of 2.85. The company has a fifty day moving average price of $11.14 and a 200-day moving average price of $10.57. The company has a market cap of $944.43 million, a price-to-earnings ratio of 21.22 and a beta of 1.40. Accel Entertainment, Inc. has a 12 month low of $8.28 and a 12 month high of $12.05.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $297.07 million during the quarter, compared to analyst estimates of $286.32 million. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%. As a group, research analysts forecast that Accel Entertainment, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ACEL. Advisor Group Holdings Inc. raised its position in shares of Accel Entertainment by 87.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company’s stock worth $111,000 after acquiring an additional 4,257 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Accel Entertainment in the 1st quarter worth $126,000. Bank of New York Mellon Corp grew its stake in Accel Entertainment by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 206,892 shares of the company’s stock worth $2,520,000 after buying an additional 3,679 shares during the last quarter. MetLife Investment Management LLC grew its stake in Accel Entertainment by 53.2% during the 1st quarter. MetLife Investment Management LLC now owns 30,368 shares of the company’s stock worth $370,000 after buying an additional 10,543 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Accel Entertainment by 9.9% during the 1st quarter. Rhumbline Advisers now owns 50,962 shares of the company’s stock worth $621,000 after buying an additional 4,593 shares during the last quarter. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Company Profile

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.