Derek Harmer Sells 20,000 Shares of ACEL
ACEL's Chief Compliance Officer, Derek Harmer, sold 20,000 shares in a planned transaction.
Key Points
- On June 15, 2026, Derek Harmer, ACEL's Chief Compliance Officer, sold 20,000 shares at $13.00 each, totaling $260,000.
- Shares of ACEL traded near $12.81 recently, with peer funds showing mixed changes in their holdings.
- Analysts maintain a positive outlook on ACEL, with Macquarie setting a $16 price target and a 'buy' rating.
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On June 15, 2026, Derek Harmer, the Chief Compliance Officer of ACEL, sold 20,000 shares of the company. This planned transaction was executed at an average price of $13.00 per share, amounting to a total value of $260,000.
Insider Buying and Selling at Accel Entertainment, Inc.
In addition to Derek Harmer's sale, other insider activities were reported. Mark Phelan, COO and President of U.S. Gaming, also sold 25,000 shares on the same day, following a similar planned transaction. Meanwhile, Andrew Rubenstein, CEO and President, sold 1,500 shares on June 10, 2026, in a non-planned transaction. On the buying side, Christen Kozlik, the Chief Accounting Officer, purchased 16,851 shares on June 5, 2026.
Other Institutional Activity in ACEL
Institutional investors showed varied interest in ACEL. Darlington Partners Capital Management maintained its position with 8,098,349 shares valued at approximately $88.4 million. Greenvale Capital LLP reduced its holdings by 199,855 shares, ending with 5,859,552 shares worth about $63.9 million. BlackRock, Inc. also trimmed its position by 166,888 shares, holding 4,142,904 shares valued at $45.2 million. On the other hand, American Century Companies Inc increased its stake by 300,643 shares, bringing its total to 1,328,226 shares valued at $14.5 million.
Accel Entertainment, Inc. Stock Up 7.9%
ACEL shares recently traded around $12.81. The company has attracted attention from various institutional investors, as seen in the mixed changes in their holdings. ACEL's stock performance is under continuous observation by analysts and investors.
Analysts Set New Price Targets
Analysts have maintained a positive outlook on ACEL. On May 19, 2026, Macquarie reiterated its 'buy' rating with a price target of $16.0. Previously, on March 4, 2026, both Macquarie and Citizens maintained their 'buy' ratings, setting targets at $16.0 and $14.0, respectively. Truist Securities maintained a 'hold' rating with a $14.0 target. CBRE initiated coverage on January 16, 2026, with a 'buy' rating and a $17.0 target.
Bottom Line
Derek Harmer's planned sale of ACEL shares is a notable insider transaction. Investors often watch such moves to gauge insider sentiment. However, it's essential to remember that insider sales can occur for various reasons and do not necessarily reflect the company's prospects. Analysts remain optimistic, with several maintaining 'buy' ratings and setting price targets above the current trading price.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.