Accel Entertainment (NYSE:ACEL) COO Mark Phelan Sells 25,000 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) COO Mark Phelan sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $13.00, for a total value of $325,000.00. Following the completion of the transaction, the chief operating officer owned 241,464 shares of the company’s stock, valued at approximately $3,139,032. This trade represents a 9.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Price Performance

Shares of Accel Entertainment stock opened at $13.02 on Tuesday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 21.71 and a beta of 1.01. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. The stock has a 50 day moving average price of $11.94 and a 200-day moving average price of $11.45. Accel Entertainment, Inc. has a one year low of $9.55 and a one year high of $14.00.

Accel Entertainment (NYSE:ACEL) last announced its earnings results on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $351.56 million during the quarter, compared to analysts’ expectations of $342.88 million. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%. Equities analysts expect that Accel Entertainment, Inc. will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Accel Entertainment

Hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in shares of Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after buying an additional 4,608 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after buying an additional 4,700 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Accel Entertainment in the 4th quarter worth $118,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Accel Entertainment in the 1st quarter worth $110,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Accel Entertainment in the 4th quarter worth $131,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ACEL shares. Truist Financial boosted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Zacks Research cut Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Finally, Citizens Jmp boosted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

About Accel Entertainment

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.