Gordon Rubenstein Sells 228,262 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 228,262 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $11.37, for a total value of $2,595,338.94. Following the completion of the transaction, the director owned 313,903 shares in the company, valued at $3,569,077.11. The trade was a 42.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 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 value of $716,186.00.

Accel Entertainment Trading Down 0.4%

Shares of NYSE:ACEL traded down $0.04 during mid-day trading on Tuesday, reaching $11.44. 554,478 shares of the company were exchanged, compared to its average volume of 459,669. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55. The firm has a market cap of $951.67 million, a price-to-earnings ratio of 19.06 and a beta of 1.05. The firm’s 50-day simple moving average is $11.34 and its 200 day simple moving average is $10.96. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $13.31.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. Equities research analysts forecast that Accel Entertainment, Inc. will post 0.8 EPS for the current year.

Institutional Trading of Accel Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of ACEL. State of Alaska Department of Revenue purchased a new position in shares of Accel Entertainment in the 3rd 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 last quarter. Tower Research Capital LLC TRC grew its position in shares of Accel Entertainment by 195.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock worth $84,000 after buying an additional 4,700 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Accel Entertainment during the 1st quarter worth $110,000. Finally, EntryPoint Capital LLC acquired a new position in Accel Entertainment in the fourth quarter worth about $118,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ACEL has been the subject of several analyst reports. Truist Financial upped their price target on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Citigroup initiated coverage on shares of Accel Entertainment in a research note on Friday, December 5th. They set an “outperform” rating on the stock. Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Finally, 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 research note on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Accel Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $14.75.

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.