Accel Entertainment, Inc. (NYSE:ACEL – Get Rating) insider Derek Harmer sold 40,000 shares of the firm's stock in a transaction on Friday, December 9th. The shares were sold at an average price of $8.24, for a total transaction of $329,600.00. Following the sale, the insider now owns 169,229 shares in the company, valued at $1,394,446.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Accel Entertainment Price Performance
ACEL traded up $0.03 during trading on Tuesday, reaching $8.28. 253,447 shares of the company traded hands, compared to its average volume of 241,322. The company has a market cap of $724.23 million, a P/E ratio of 11.30 and a beta of 1.17. The company has a debt-to-equity ratio of 2.75, a quick ratio of 2.99 and a current ratio of 3.06. Accel Entertainment, Inc. has a 12-month low of $7.65 and a 12-month high of $14.04. The firm has a fifty day simple moving average of $8.84 and a 200 day simple moving average of $9.77.
Get Accel Entertainment alerts:Accel Entertainment (NYSE:ACEL – Get Rating) last posted its earnings results on Tuesday, November 8th. 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 margin of 7.64% and a return on equity of 43.85%. The company had revenue of $266.97 million for the quarter, compared to analysts' expectations of $269.83 million. On average, equities analysts forecast that Accel Entertainment, Inc. will post 0.86 EPS for the current year.
Institutional Investors Weigh In On Accel Entertainment
A number of hedge funds have recently made changes to their positions in ACEL. Bank of New York Mellon Corp raised its stake in Accel Entertainment by 9.6% during the third quarter. Bank of New York Mellon Corp now owns 219,551 shares of the company's stock valued at $1,714,000 after purchasing an additional 19,212 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Accel Entertainment in the 3rd quarter worth about $252,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $170,000. Alliancebernstein L.P. lifted its holdings in shares of Accel Entertainment by 8.6% in the 3rd quarter. Alliancebernstein L.P. now owns 25,300 shares of the company's stock valued at $198,000 after acquiring an additional 2,000 shares during the last quarter. Finally, State Street Corp grew its position in Accel Entertainment by 0.5% in the third quarter. State Street Corp now owns 1,121,082 shares of the company's stock worth $8,756,000 after acquiring an additional 5,832 shares in the last quarter. 46.80% of the stock is currently owned by hedge funds and other institutional investors.Analysts Set New Price Targets
Separately, Macquarie decreased their price target on Accel Entertainment from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Wednesday, November 9th.
Accel Entertainment Company Profile
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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.
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