Accel Entertainment Director Sells Shares

On November 8th, David W. Ruttenberg, a director at Accel Entertainment, Inc. (NYSE:ACEL), sold 70,000 shares of the company's stock. The shares were disposed of at an average price of $11.73 each, resulting in a total transaction value of $821,100. After this sale, Ruttenberg's direct ownership in the company is now 277,455 shares, which is approximately valued at $3,254,547.15. This transaction marks a 0.00% decrease in Ruttenberg's total stock position. The details of this sale have been reported in a filing with the Securities and Exchange Commission (SEC), which can be accessed directly on their website.

Recent Performance of Accel Entertainment

The shares of Accel Entertainment experienced a slight increase, trading up 3.1% to reach $11.86 on Friday. During the trading session, 347,216 shares changed hands, surpassing the average volume of 244,844 shares. The company's fifty-day moving average stands at $11.45, while the 200-day average is $10.84. Accel Entertainment has a market capitalization of approximately $976.55 million, a price-to-earnings ratio of 22.51, and a beta value of 1.47. The firm has a quick ratio of 2.63, a current ratio of 2.71, and a debt-to-equity ratio of 2.54. Over the past year, the stock has seen a low of $9.37 and a high of $12.61.

Institutional Interest in Accel Entertainment

Recently, several institutional investors have either purchased or sold shares of Accel Entertainment. For instance, Covestor Ltd dramatically increased its stake by 31,840.0% in the first quarter, now possessing 3,194 shares valued at $38,000 after acquiring an additional 3,184 shares. Additionally, Allspring Global Investments Holdings LLC initiated a new investment in Accel Entertainment during the same quarter, with an estimated value of around $52,000. Quarry LP also boosted its holdings by 268.4% in Q2, now owning 8,642 shares worth $89,000. Other notable transactions include Creative Planning acquiring a new stake valued at $144,000 in Q3 and Principal Financial Group increasing its position by 8.2% in Q2, bringing its total to 19,938 shares valued at $205,000. Institutional investors currently hold 55.39% of Accel Entertainment's stock.

Company Overview

Accel Entertainment, Inc. operates as a distributed gaming operator in the United States. The company engages in installing, maintaining, and operating gaming terminals, as well as handling redemption devices that distribute winnings and have automated teller machine (ATM) capabilities. Accel's gaming devices are located in a variety of non-casino venues, including restaurants, bars, convenience stores, liquor stores, truck stops, and grocery stores.

Accel, Entertainment, Stocks