Gordon Rubenstein Sells 157,349 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 157,349 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $11.38, for a total transaction of $1,790,631.62. Following the transaction, the director owned 495 shares in the company, valued at $5,633.10. This represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, March 11th, Gordon Rubenstein sold 3,212 shares of Accel Entertainment stock. The stock was 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 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 NYSE ACEL opened at $11.29 on Friday. The business’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $10.96. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.55 and a current ratio of 2.61. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $13.31. The firm has a market cap of $920.84 million, a price-to-earnings ratio of 18.82 and a beta of 1.05.

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

Institutional Trading of Accel Entertainment

A number of hedge funds have recently bought and sold shares of ACEL. Vanguard Group Inc. grew its position in Accel Entertainment by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company’s stock worth $43,140,000 after purchasing an additional 74,992 shares during the last quarter. Hill Path Capital LP bought a new stake in shares of Accel Entertainment in the second quarter valued at about $32,828,000. Geode Capital Management LLC lifted its stake in shares of Accel Entertainment by 2.1% in the second quarter. Geode Capital Management LLC now owns 1,266,697 shares of the company’s stock valued at $14,912,000 after buying an additional 26,419 shares during the period. Invesco Ltd. grew its position in Accel Entertainment by 5.7% during the third quarter. Invesco Ltd. now owns 926,303 shares of the company’s stock worth $10,254,000 after buying an additional 50,305 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Accel Entertainment by 8.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company’s stock valued at $9,490,000 after acquiring an additional 65,610 shares during the period. 55.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ACEL shares. Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Citizens Jmp boosted their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 4th. Truist Financial upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Finally, Citigroup initiated coverage on Accel Entertainment in a research report on Friday, December 5th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.