Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $325,960.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 29,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $11.24, for a total value of $325,960.00. Following the sale, the director now owns 14,117 shares in the company, valued at $158,675.08. The trade was a 67.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Gordon Rubenstein also recently made the following trade(s):

• On Thursday, June 5th, Gordon Rubenstein sold 25,883 shares of Accel Entertainment stock. The stock was sold at an average price of $11.10, for a total value of $287,301.30.

Accel Entertainment Trading Down 0.3%

Accel Entertainment stock opened at $11.63 on Thursday. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The company has a market capitalization of $983.95 million, a price-to-earnings ratio of 22.79 and a beta of 1.23. The stock has a 50-day moving average price of $11.13 and a 200 day moving average price of $11.04.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC lifted its holdings in Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after acquiring an additional 57,666 shares during the period. Man Group plc lifted its holdings in Accel Entertainment by 242.1% in the fourth quarter. Man Group plc now owns 93,180 shares of the company’s stock valued at $995,000 after acquiring an additional 65,939 shares during the period. JPMorgan Chase & Co. lifted its holdings in Accel Entertainment by 70.0% in the fourth quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock valued at $5,163,000 after acquiring an additional 199,092 shares during the period. Northern Trust Corp lifted its holdings in Accel Entertainment by 11.1% in the fourth quarter. Northern Trust Corp now owns 488,463 shares of the company’s stock valued at $5,217,000 after acquiring an additional 48,639 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in Accel Entertainment in the fourth quarter valued at approximately $1,228,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACEL. Northland Securities boosted their price target on Accel Entertainment to $15.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Macquarie restated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a research note on Tuesday, May 6th.

Accel Entertainment Company Profile

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.