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According to recent SEC filings, Accel Entertainment, Inc. (NYSE:) Director Derek Harmer was involved in multiple transactions involving the company's stock. On March 15, Harmer sold 10,000 shares of Class A-1 common stock for $11.21 per share, for a total consideration of $112,100. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted on December 15, 2023.
In addition to sales, Harmer also reported multiple transactions in which he acquired stock for free or disposed of stock to offset taxes. The deal to cover the tax liability, known as the “F” deal, totaled $35,330 and the stock price ranged from $11.28 to $11.34.
It's important for investors to note that these transactions do not necessarily indicate a lack of confidence in the company by management. Sales of stock by management may be motivated by a variety of personal financial considerations and are often pre-planned through mechanisms such as 10b5-1 trading plans.
Accel Entertainment is headquartered in Burr Ridge, Illinois, operates in the amusement and recreation services industry, and is incorporated in the State of Delaware.The company formerly known as TPG pace Holdings, Inc.'s fiscal year ends on December 31st.
The SEC filing also included information regarding derivative securities, particularly restricted stock units (RSUs), which represent the right to receive shares of the issuer's Class A-1 common stock upon settlement. However, according to the filing, Harmer did not engage in any sales of these derivative securities during the reporting period.
Investors and analysts often scrutinize insider transactions as they can glean management's views on a company's future prospects. However, the context of these transactions, including tax obligations and pre-arranged trading plans, should be considered when assessing their materiality.
For those interested in detailed transactions and holdings of Accel Entertainment executives, the company's SEC Form 4 filings are publicly available and provide full disclosure of insider trading activity.
Investment Pro Insights
Accel Entertainment (NYSE:ACEL), a major player in the amusement and recreation industry, has a strong performance in the financial markets. The company, which has a market capitalization of approximately $962.9 million, has shown a commendable revenue growth of 20.69% over the past 12 months as of Q4 2023. This growth is reflected in the stock price, with the total stock price return for the year being impressive. 32.11%. As shown in InvestingPro Tips, the company's stock price movement has been quite volatile, which may be of interest to investors looking for dynamic trading opportunities.
InvestingPro Data also reveals that Accel Entertainment is trading at a high price/book multiple of 4.85 as of Q4 2023. This could suggest that the market is expecting future growth or that the stock may be currently overvalued. This is in line with another of his InvestingPro tips highlighting that analysts expect the company to be profitable this year. Furthermore, the company's current assets exceed its short-term debt, indicating a healthy liquidity situation, which can reassure investors about its ability to repay short-term debt.
For those looking to learn more about Accel Entertainment's financial health and prospects, we provide additional insight. InvestingPro has more tips, including an analysis of the company's moderate debt and its decision not to pay dividends to shareholders.Use coupon code to access these valuable insights pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. With a total of 7 of his InvestingPro tips available, investors can make more informed decisions when it comes to investing in Accel Entertainment.
As Accel Entertainment navigates the competitive landscape of the amusement and recreation services industry, close monitoring of insider transactions and real-time financial data can give investors a clearer picture of the company's current status and future direction. It will be. future.
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