Accel Entertainment, Inc. (NYSE:ACEL – Get Rating) insider Derek Harmer sold 40,000 shares of the stock in a transaction on Friday, December 9. The shares were sold at an average price of $8.24, for a transaction worth $329,600.00. Following the transaction, the insider now owns 169,229 shares in the company, valued at approximately $13,344,460. The transaction was disclosed in a document filed by the SEC, which is available through this hyperlink.
Accel Entertainment Sales Rise 0.4%
Shares of NYSE:ACEL traded up $0.03 during trading on Tuesday, reaching $8.00. 253,447 shares of the company traded hands, compared to its average volume of 241,322. The company has a current ratio of 3.06, a quick ratio of 2.99 and a debt-to-equity ratio of 2.75. Accel Entertainment, Inc. it has a 52-week low of $7.65 and a 52-week high of $14.04. The business’s 50-day moving average is $8.84 and its 200-day moving average is $9.77. The firm has a market capitalization of 724.23 million, a price-to-earnings ratio of 11.30 and a beta of 1.17.
Accel Entertainment (NYSE: ACEL – Get Rating ) last announced its quarterly earnings on Tuesday, November 8. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Accel Entertainment had a net profit margin of 7.64% and a return on equity of 43.85%. The firm had revenue of $299.7 million, compared to analysts’ expectations of $267.0 million. As a group, analysts estimate that Accel Entertainment, Inc. will post 0.86 EPS for the current year.
Wall Street Analyst Weighs In
Separately, Macquarie decreased their target price on Accel Entertainment from $14.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th.
Institutional Trading of Accel Entertainment
Many of the major retailers have recently updated their ACEL portfolio. Great West Life Assurance Co. Can bought a new position in Accel Entertainment during the 3rd quarter valued at $25,000. UBS Group AG raised its stake in 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 363 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Accel Entertainment by 111.9% during the third quarter. Tower Research Capital LLC TRC now owns 397 shares of the company’s stock valued at $37,000 after acquiring an additional 2,600 shares in the last quarter. New York State Teachers Retirement System raised its stake in Accel Entertainment by 2,400.0% in the second quarter. New York State Teachers Retirement System now owns 5,000 shares of the company’s stock worth $53,000 after acquiring an additional 4,800 shares during the period. Finally, Advisor Group Holdings Inc. increased its holdings in Accel Entertainment by 87.1% in the first quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company’s stock valued at $111,000 after acquiring an additional 4,257 shares in the last quarter. 46.80% of the shares belong to institutional enterprises.
Accel Entertainment Company Profile
Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming company in the United States. Involved in the installation, maintenance, and operation of theaters; ATMs that withdraw cash and have automatic teller machine (ATM) functionality; and other entertainment facilities in licensed non-casino areas, such as restaurants, bars, taverns, liquor stores, liquor stores, truck stops, and grocery stores.
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