Mark Phelan Sells 25,000 Shares of Accel Entertainment (NYSE:ACEL) 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 transaction of $325,000.00. Following the sale, the chief operating officer owned 241,464 shares of the company’s stock, valued at approximately $3,139,032. This represents a 9.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Accel Entertainment Trading Down 1.3%

Shares of NYSE:ACEL traded down $0.18 during trading on Monday, hitting $13.02. 510,019 shares of the company’s stock were exchanged, compared to its average volume of 365,329. Accel Entertainment, Inc. has a 1-year low of $9.55 and a 1-year high of $14.00. The firm has a 50-day moving average price of $11.90 and a two-hundred day moving average price of $11.43. The company has a current ratio of 2.71, a quick ratio of 2.64 and a debt-to-equity ratio of 2.02. The firm has a market cap of $1.06 billion, a P/E ratio of 21.71 and a beta of 1.01.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after buying an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after buying an additional 4,700 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Accel Entertainment in the first quarter valued at approximately $110,000. EntryPoint Capital LLC bought a new position in Accel Entertainment in the fourth quarter valued at approximately $118,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Accel Entertainment in the fourth quarter valued at approximately $131,000. 55.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on ACEL shares. Truist Financial upped their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Citizens Jmp upped their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 4th. Zacks Research downgraded Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings lowered Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Accel Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target 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.