Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) CEO Sells $155,269.31 in Stock


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Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein sold 14,077 shares of Accel Entertainment stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $11.03, for a total value of $155,269.31. Following the transaction, the chief executive officer now owns 4,212,206 shares of the company’s stock, valued at $46,460,632.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NYSE ACEL opened at $11.05 on Thursday. Accel Entertainment, Inc. has a 52-week low of $7.14 and a 52-week high of $15.11. The firm has a fifty day moving average of $11.09 and a 200-day moving average of $10.55. The stock has a market capitalization of $1.03 billion, a PE ratio of -32.50 and a beta of 1.27. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 2.09.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in shares of Accel Entertainment during the 4th quarter valued at $111,000. ProShare Advisors LLC purchased a new stake in shares of Accel Entertainment during the 4th quarter valued at $113,000. Victory Capital Management Inc. purchased a new stake in shares of Accel Entertainment during the 4th quarter valued at $115,000. Citigroup Inc. boosted its position in Accel Entertainment by 374.2% during the 4th quarter. Citigroup Inc. now owns 12,254 shares of the company’s stock worth $124,000 after purchasing an additional 9,670 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Accel Entertainment during the 4th quarter worth $129,000. 47.59% of the stock is owned by institutional investors.

Several brokerages have weighed in on ACEL. Deutsche Bank Aktiengesellschaft boosted their price target on Accel Entertainment from $12.00 to $13.00 and gave the company a “hold” rating in a report on Monday, March 22nd. The Goldman Sachs Group boosted their price target on Accel Entertainment from $14.50 to $15.50 and gave the company a “buy” rating in a report on Tuesday, January 26th. Zacks Investment Research upgraded Accel Entertainment from a “sell” rating to a “hold” rating in a report on Monday, March 15th. Finally, Macquarie began coverage on Accel Entertainment in a report on Monday, March 15th. They issued a “neutral” rating and a $13.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.70.

About Accel Entertainment

Accel Entertainment, Inc operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of video game terminals (VGTs); redemption devices that disburse winnings and contain 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.

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