Accel Entertainment (NYSE:ACEL) Director Sells $149,353.05 in Stock

Accel Entertainment, Inc. (NYSE:ACELGet Free Report) Director Gordon Rubenstein sold 12,931 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $11.55, for a total value of $149,353.05. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $11.34, for a total value 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 shares were 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 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 value 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 stock was sold at an average price of $11.75, for a total value of $716,186.00.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.51 on Thursday. The company has a market capitalization of $938.46 million, a P/E ratio of 19.18 and a beta of 1.04. The business’s 50 day moving average is $11.55 and its two-hundred day moving average is $11.12. The company has a current ratio of 2.71, a quick ratio of 2.64 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:ACELGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%.The company had revenue of $351.56 million for the quarter, compared to the consensus estimate of $342.88 million. Analysts expect that Accel Entertainment, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Truist Financial increased their price target on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Citizens Jmp increased 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. Finally, Zacks Research upgraded Accel Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Get Our Latest Research Report on ACEL

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in Accel Entertainment in the third quarter valued at $49,000. Osaic Holdings Inc. boosted its holdings in Accel Entertainment by 456.2% in the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after purchasing an additional 4,608 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares during the period. EntryPoint Capital LLC purchased a new position in Accel Entertainment in the fourth quarter valued at $118,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Accel Entertainment in the first quarter valued at $110,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Accel Entertainment Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Accel Entertainment (NYSE:ACEL)

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