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 business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.55, for a total value of $288,750.00. Following the transaction, the director now owns 373,135 shares in the company, valued at $4,309,709.25. The trade was a 6.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Accel Entertainment Stock Performance

NYSE ACEL opened at $11.42 on Wednesday. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The business’s 50 day moving average is $11.51 and its two-hundred day moving average is $10.86. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.61. The stock has a market capitalization of $940.32 million, a price-to-earnings ratio of 22.39 and a beta of 1.47.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors acquired a new stake in shares of Accel Entertainment in the 3rd quarter worth approximately $1,953,000. Greenvale Capital LLP grew its holdings in shares of Accel Entertainment by 7.3% in the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after acquiring an additional 398,302 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Accel Entertainment by 64.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,357 shares of the company’s stock worth $299,000 after acquiring an additional 9,947 shares during the period. American Century Companies Inc. grew its holdings in shares of Accel Entertainment by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock worth $34,178,000 after acquiring an additional 36,316 shares during the period. Finally, Boston Partners acquired a new stake in shares of Accel Entertainment in the 1st quarter worth approximately $555,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.