Derek Harmer Sells 10,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) insider Derek Harmer sold 10,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.70, for a total value of $117,000.00. Following the completion of the sale, the insider now directly owns 199,413 shares in the company, valued at $2,333,132.10. This represents a 4.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Accel Entertainment Stock Down 4.7 %

ACEL stock opened at $10.82 on Thursday. The company’s 50 day moving average price is $11.55 and its 200 day moving average price is $11.10. The firm has a market capitalization of $890.95 million, a price-to-earnings ratio of 21.22 and a beta of 1.46. Accel Entertainment, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.96. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Institutional Investors Weigh In On Accel Entertainment

A number of large investors have recently modified their holdings of ACEL. Point72 Asset Management L.P. acquired a new position in shares of Accel Entertainment during the third quarter worth $64,000. Quantbot Technologies LP acquired a new stake in Accel Entertainment in the third quarter valued at $78,000. Quarry LP lifted its holdings in Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after buying an additional 6,296 shares during the last quarter. Creative Planning acquired a new position in shares of Accel Entertainment during the 3rd quarter worth about $144,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Accel Entertainment in the 3rd quarter valued at about $146,000. 55.39% of the stock is owned by hedge funds and other 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.