Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg Sells 25,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.55, for a total transaction of $288,750.00. Following the sale, the director now owns 373,135 shares of the company’s stock, valued at approximately $4,309,709.25. This represents a 6.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Accel Entertainment Trading Down 0.3 %

ACEL traded down $0.04 during midday trading on Tuesday, reaching $11.42. 122,886 shares of the company’s stock traded hands, compared to its average volume of 242,374. The firm has a fifty day moving average of $11.51 and a two-hundred day moving average of $10.86. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.61. The stock has a market capitalization of $940.32 million, a price-to-earnings ratio of 22.46 and a beta of 1.47. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd increased its position in shares of Accel Entertainment by 31,840.0% during the first quarter. Covestor Ltd now owns 3,194 shares of the company’s stock valued at $38,000 after buying an additional 3,184 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Accel Entertainment during the 1st quarter valued at approximately $52,000. Point72 Asset Management L.P. bought a new position in shares of Accel Entertainment during the third quarter valued at $64,000. Quantbot Technologies LP purchased a new position in Accel Entertainment in the third quarter worth about $78,000. Finally, Quarry LP lifted its position in Accel Entertainment by 268.4% in the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after acquiring an additional 6,296 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors.

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.