Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $287,301.30 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 25,883 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $11.10, for a total transaction of $287,301.30. Following the transaction, the director now directly owns 43,117 shares in the company, valued at approximately $478,598.70. This represents a 37.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, June 6th, Gordon Rubenstein sold 29,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.24, for a total transaction of $325,960.00.

Accel Entertainment Stock Down 0.3%

Accel Entertainment stock opened at $11.63 on Thursday. Accel Entertainment, Inc. has a 1-year low of $9.02 and a 1-year high of $12.96. The firm has a market capitalization of $983.95 million, a price-to-earnings ratio of 22.79 and a beta of 1.23. The firm’s fifty day moving average price is $11.13 and its two-hundred day moving average price is $11.04. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Analysts Set New Price Targets

ACEL has been the topic of several research analyst reports. Macquarie reissued an “outperform” rating and set a $16.00 target price on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities raised their price objective on shares of Accel Entertainment to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its stake in shares of Accel Entertainment by 157.5% in the first quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock valued at $368,000 after buying an additional 22,695 shares in the last quarter. 1060 Capital LLC bought a new position in shares of Accel Entertainment in the first quarter valued at $1,079,000. PharVision Advisers LLC lifted its stake in shares of Accel Entertainment by 109.8% in the first quarter. PharVision Advisers LLC now owns 37,037 shares of the company’s stock valued at $367,000 after buying an additional 19,385 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Accel Entertainment by 252.5% in the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after purchasing an additional 359,948 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Accel Entertainment in the first quarter valued at about $110,000. 55.39% of the stock is owned by institutional investors.

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.