Gordon Rubenstein Sells 46,346 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 46,346 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $11.34, for a total transaction of $525,563.64. Following the sale, the director directly owned 4,946 shares of the company’s stock, valued at approximately $56,087.64. This represents a 90.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, May 8th, Gordon Rubenstein sold 12,931 shares of Accel Entertainment stock. The stock was sold at an average price of $11.55, for a total transaction of $149,353.05.
• On Thursday, March 12th, Gordon Rubenstein sold 172,943 shares of Accel Entertainment stock. The shares were sold at an average price of $11.37, for a total transaction of $1,966,361.91.
• On Thursday, March 12th, Gordon Rubenstein sold 3,766 shares of Accel Entertainment stock. The stock was sold at an average price of $11.37, for a total value of $42,819.42.
• 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 stock was sold at an average price of $11.38, for a total value of $36,552.56.
• 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 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 Down 0.7%

NYSE ACEL opened at $11.47 on Wednesday. The stock’s 50-day moving average price is $11.54 and its 200-day moving average price is $11.11. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02. Accel Entertainment, Inc. has a 52 week low of $9.55 and a 52 week high of $13.31. The company has a market capitalization of $935.28 million, a P/E ratio of 19.11 and a beta of 1.04.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $351.56 million during the quarter, compared to the consensus estimate of $342.88 million. Accel Entertainment had a return on equity of 25.70% and a net margin of 3.79%. On average, equities research analysts predict that Accel Entertainment, Inc. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ACEL shares. Truist Financial increased their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings cut shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Citizens Jmp upped their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Zacks Research upgraded Accel Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Finally, Wall Street Zen cut Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.67.

Institutional Investors Weigh In On Accel Entertainment

A number of institutional investors have recently added to or reduced their stakes in ACEL. CIBC Bancorp USA Inc. purchased a new stake in Accel Entertainment during the 3rd quarter valued at approximately $4,368,000. Millennium Management LLC lifted its holdings in shares of Accel Entertainment by 252.5% in 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Accel Entertainment by 177.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock worth $6,264,000 after acquiring an additional 351,012 shares during the last quarter. Visualize Group LP bought a new position in shares of Accel Entertainment during the third quarter worth $2,280,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Accel Entertainment by 60.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 391,350 shares of the company’s stock valued at $4,606,000 after acquiring an additional 147,653 shares in the last quarter. 55.39% of the stock is 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.