Insider Selling: Accel Entertainment (NYSE:ACEL) Director Sells $525,563.64 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 46,346 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $11.34, for a total value of $525,563.64. Following the transaction, the director directly owned 4,946 shares of the company’s stock, valued at $56,087.64. This trade represents a 90.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, May 8th, Gordon Rubenstein sold 12,931 shares of Accel Entertainment stock. The shares were sold at an average price of $11.55, for a total value of $149,353.05.
• On Thursday, March 12th, Gordon Rubenstein sold 172,943 shares of Accel Entertainment stock. The stock was 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 shares were sold at an average price of $11.38, for a total value 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 transaction 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 transaction 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 Stock Performance

Shares of ACEL opened at $11.51 on Thursday. The firm has a 50-day moving average of $11.55 and a 200-day moving average of $11.12. Accel Entertainment, Inc. has a one year low of $9.55 and a one year high of $13.31. The company has a market cap of $938.46 million, a PE ratio of 19.18 and a beta of 1.04. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The company had revenue of $351.56 million for the quarter, compared to analysts’ expectations of $342.88 million. As a group, equities analysts forecast that Accel Entertainment, Inc. will post 0.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACEL has been the topic of several research analyst reports. Truist Financial upped their price objective on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Citizens Jmp boosted their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Zacks Research upgraded Accel Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Weiss Ratings downgraded Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Wall Street Zen cut 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, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.67.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. bought a new stake in shares of Accel Entertainment during the third quarter worth approximately $4,368,000. Millennium Management LLC increased its stake 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 purchasing an additional 359,948 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Accel Entertainment by 177.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock worth $6,264,000 after purchasing an additional 351,012 shares during the period. Visualize Group LP acquired a new stake in Accel Entertainment during the 3rd quarter worth approximately $2,280,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Accel Entertainment by 60.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 391,350 shares of the company’s stock worth $4,606,000 after purchasing an additional 147,653 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Accel Entertainment Company Profile

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.