Accel Entertainment (NYSE:ACEL) Director Gordon Rubenstein Sells 12,931 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 12,931 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $11.55, for a total value of $149,353.05. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, May 7th, Gordon Rubenstein sold 46,346 shares of Accel Entertainment stock. The shares were sold at an average price of $11.34, for a total transaction of $525,563.64.
• On Thursday, March 12th, Gordon Rubenstein sold 172,943 shares of Accel Entertainment stock. The shares were sold at an average price of $11.37, for a total value of $1,966,361.91.
• On Thursday, March 12th, Gordon Rubenstein sold 3,766 shares of Accel Entertainment stock. The stock was sold at an average price of $11.37, for a total value of $42,819.42.
• On Wednesday, March 11th, Gordon Rubenstein sold 157,349 shares of Accel Entertainment stock. The stock was sold at an average price of $11.38, for a total transaction of $1,790,631.62.
• On Wednesday, March 11th, Gordon Rubenstein sold 3,212 shares of Accel Entertainment stock. The shares were sold at an average price of $11.38, for a total value of $36,552.56.
• On Tuesday, March 10th, Gordon Rubenstein sold 180,671 shares of Accel Entertainment stock. The stock was sold at an average price of $11.48, for a total transaction of $2,074,103.08.
• On Monday, March 9th, Gordon Rubenstein sold 228,262 shares of Accel Entertainment stock. The stock was sold at an average price of $11.37, for a total value of $2,595,338.94.
• On Friday, March 6th, Gordon Rubenstein sold 60,952 shares of Accel Entertainment stock. The shares were sold at an average price of $11.75, for a total transaction of $716,186.00.

Accel Entertainment Price Performance

ACEL opened at $11.53 on Tuesday. The stock has a fifty day moving average of $11.54 and a 200-day moving average of $11.10. The firm has a market capitalization of $940.09 million, a P/E ratio of 19.21 and a beta of 1.04. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02. Accel Entertainment, Inc. has a 12-month low of $9.55 and a 12-month high of $13.31.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $351.56 million for 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 forecast that Accel Entertainment, Inc. will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new position in Accel Entertainment during the third quarter worth about $4,368,000. Millennium Management LLC increased its position in shares of Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after acquiring an additional 359,948 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Accel Entertainment by 177.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock valued at $6,264,000 after purchasing an additional 351,012 shares during the period. Visualize Group LP acquired a new stake in Accel Entertainment in the 3rd quarter valued at approximately $2,280,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Accel Entertainment by 60.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 391,350 shares of the company’s stock valued at $4,606,000 after purchasing an additional 147,653 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACEL shares. Citizens Jmp lifted their price target on Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, March 4th. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 9th. 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. Zacks Research upgraded Accel Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Accel Entertainment presently has an average rating of “Buy” and an average 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.