Derek Harmer Sells 5,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the insider now owns 216,575 shares of the company’s stock, valued at approximately $2,165,750. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Derek Harmer also recently made the following trade(s):

• On Wednesday, April 9th, Derek Harmer sold 5,000 shares of Accel Entertainment stock. The shares were sold at an average price of $10.50, for a total transaction of $52,500.00.

Accel Entertainment Stock Up 1.9 %

Shares of ACEL stock opened at $10.94 on Friday. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The firm has a fifty day moving average of $10.76 and a 200-day moving average of $11.10. The company has a market capitalization of $935.95 million, a price-to-earnings ratio of 21.45 and a beta of 1.35.

Hedge Funds Weigh In On Accel Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orvieto Partners L.P. acquired a new stake in shares of Accel Entertainment in the 4th quarter valued at about $3,951,000. JPMorgan Chase & Co. raised its position in Accel Entertainment by 70.0% in the 4th quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock valued at $5,163,000 after buying an additional 199,092 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Accel Entertainment by 27.0% in the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company’s stock valued at $8,799,000 after acquiring an additional 175,112 shares in the last quarter. Financial Counselors Inc. bought a new stake in Accel Entertainment in the 4th quarter valued at approximately $1,866,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Accel Entertainment by 300.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company’s stock worth $2,342,000 after acquiring an additional 164,560 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Macquarie increased their price target on Accel Entertainment from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, February 28th.

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.