Accel Entertainment (NYSE:ACEL) Director Sells $2,074,103.08 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 180,671 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $11.48, for a total value of $2,074,103.08. Following the sale, the director owned 250 shares of the company’s stock, valued at approximately $2,870. This represents a 99.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 11th, Gordon Rubenstein sold 157,349 shares of Accel Entertainment stock. The stock was 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 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 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 Price Performance

Shares of NYSE ACEL opened at $11.34 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.55 and a current ratio of 2.61. The company has a market cap of $943.19 million, a PE ratio of 18.89 and a beta of 1.05. The business has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $10.96. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $13.31.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ACEL. Hill Path Capital LP purchased a new stake in Accel Entertainment in the second quarter valued at $32,828,000. Geode Capital Management LLC raised its stake in shares of Accel Entertainment by 2.1% during the 2nd 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 last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Accel Entertainment in the 2nd quarter valued at about $302,000. Midwest Trust Co acquired a new position in shares of Accel Entertainment in the 2nd quarter valued at about $2,057,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Accel Entertainment by 29.7% in the second quarter. Hillsdale Investment Management Inc. now owns 486,300 shares of the company’s stock worth $5,724,000 after buying an additional 111,500 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Truist Financial raised their target price 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 started coverage on Accel Entertainment in a research report on Friday, December 5th. They set an “outperform” rating for the company. Finally, Citizens Jmp boosted 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 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, the stock presently has an average rating of “Moderate Buy” and a consensus 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.