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 business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $11.34, for a total transaction of $525,563.64. Following the completion of the transaction, the director directly owned 4,946 shares in the company, valued at $56,087.64. This trade 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 link.

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 stock was 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 transaction 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 transaction 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 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 transaction 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 transaction of $716,186.00.

Accel Entertainment Stock Performance

Shares of NYSE:ACEL traded down $0.11 during midday trading on Monday, reaching $11.53. The company had a trading volume of 351,465 shares, compared to its average volume of 385,477. The company’s 50 day moving average price is $11.52 and its 200 day moving average price is $11.09. The company has a current ratio of 2.71, a quick ratio of 2.64 and a debt-to-equity ratio of 2.02. The stock has a market cap of $940.06 million, a P/E ratio of 19.21 and a beta of 1.04. Accel Entertainment, Inc. has a 52-week low of $9.55 and a 52-week high of $13.31.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $351.56 million for the quarter, compared to the consensus estimate of $342.88 million. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. As a group, sell-side analysts anticipate that Accel Entertainment, Inc. will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of ACEL. CIBC Bancorp USA Inc. bought a new stake in shares of Accel Entertainment during the third quarter valued at about $4,368,000. Millennium Management LLC increased its position in shares of Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after buying an additional 359,948 shares during the period. Goldman Sachs Group Inc. increased 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 valued at $6,264,000 after buying an additional 351,012 shares during the period. Visualize Group LP bought a new stake in shares of Accel Entertainment during the third quarter valued at about $2,280,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of 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 buying an additional 147,653 shares during the period. 55.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citizens Jmp upped their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, March 4th. Zacks Research raised shares of Accel Entertainment from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Weiss Ratings raised shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 9th. Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Truist Financial upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $14.67.

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.