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

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $10.61, for a total transaction of $265,250.00. Following the completion of the sale, the director now directly owns 348,135 shares of the company’s stock, valued at approximately $3,693,712.35. This trade represents a 6.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Accel Entertainment Stock Performance

ACEL stock opened at $11.30 on Thursday. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.96. The stock’s fifty day moving average price is $11.16 and its 200-day moving average price is $11.20. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The company has a market cap of $930.03 million, a P/E ratio of 22.15 and a beta of 1.46.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in shares of Accel Entertainment during the 3rd quarter worth $64,000. Quantbot Technologies LP purchased a new position in shares of Accel Entertainment during the 3rd quarter valued at about $78,000. Quarry LP grew its stake in shares of Accel Entertainment by 268.4% during 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 during the period. Creative Planning purchased a new stake in shares of Accel Entertainment in the third quarter worth $144,000. Finally, EP Wealth Advisors LLC purchased a new stake in Accel Entertainment in the 3rd quarter worth $146,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

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.