Accel Entertainment (NYSE:ACEL) Director Gordon Rubenstein Sells 60,952 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 60,952 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.75, for a total value of $716,186.00. Following the transaction, the director owned 542,165 shares in the company, valued at $6,370,438.75. This represents a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 10th, Gordon Rubenstein sold 180,671 shares of Accel Entertainment stock. The shares were 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 shares were sold at an average price of $11.37, for a total transaction of $2,595,338.94.

Accel Entertainment Stock Down 0.4%

ACEL stock opened at $11.44 on Wednesday. The company has a market cap of $951.67 million, a price-to-earnings ratio of 19.06 and a beta of 1.05. The company has a fifty day moving average price of $11.34 and a 200 day moving average price of $10.96. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $13.31.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. The company had revenue of $341.45 million for the quarter, compared to the consensus estimate of $335.66 million. Sell-side analysts expect that Accel Entertainment, Inc. will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

ACEL has been the subject of a number of recent research reports. Citizens Jmp increased their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 4th. Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Truist Financial boosted their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Finally, Citigroup started coverage on shares of Accel Entertainment in a report on Friday, December 5th. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.75.

Trending Headlines about Accel Entertainment

Here are the key news stories impacting Accel Entertainment this week:

• Positive Sentiment: Northland Securities initiated a buy on ACEL, a broker action that can support the stock by attracting buyers and boosting sentiment. Accel Entertainment (ACEL) Receives a Buy from Northland Securities
• Positive Sentiment: A Zacks piece named ACEL among resilient gaming stocks that may benefit from robust online betting demand and improving industry trends, providing a favorable thematic backdrop. 3 Resilient Gaming Stocks to Add Amid Industry Pressure
• Neutral Sentiment: Director David W. Ruttenberg disclosed a prior purchase of 10,000 shares on May 20 at $9.34 — a small, older insider buy that is supportive but not large enough to offset recent selling. Ruttenberg SEC Form 4
• Negative Sentiment: Significant insider selling this week is the primary near-term negative. Director Gordon Rubenstein sold three blocks (60,952; 228,262; 180,671 shares) across March 6–10 for roughly $5.39M total, and director David Ruttenberg sold 10,000 shares on March 10 (~$115k). Large, clustered insider sales can signal liquidity needs or raise governance/sentiment concerns and likely pressured the stock today. SEC filings here: Rubenstein and Ruttenberg. Rubenstein SEC Form 4 Ruttenberg SEC Form 4

Institutional Investors Weigh In On Accel Entertainment

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Accel Entertainment by 13.1% during the 1st quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock worth $1,591,000 after purchasing an additional 18,643 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Accel Entertainment during the first quarter worth about $110,000. Millennium Management LLC grew its position in Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after buying an additional 359,948 shares during the period. Jane Street Group LLC increased its holdings in 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. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of Accel Entertainment by 5.3% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 120,735 shares of the company’s stock worth $1,421,000 after acquiring an additional 6,088 shares in the last quarter. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Accel Entertainment Company Profile

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.