Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein Sells 25,883 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 25,883 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $11.10, for a total transaction of $287,301.30. Following the sale, the director now directly owns 43,117 shares of the company’s stock, valued at $478,598.70. This trade represents a 37.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 6th, Gordon Rubenstein sold 29,000 shares of Accel Entertainment stock. The shares were sold at an average price of $11.24, for a total transaction of $325,960.00.

Accel Entertainment Trading Up 1.5%

NYSE:ACEL opened at $11.45 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96. The company has a market cap of $969.14 million, a PE ratio of 22.45 and a beta of 1.23. The company has a 50 day simple moving average of $11.05 and a two-hundred day simple moving average of $11.03.

Institutional Investors Weigh In On Accel Entertainment

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after purchasing an additional 57,666 shares during the period. Man Group plc grew its position in shares of Accel Entertainment by 242.1% during the 4th quarter. Man Group plc now owns 93,180 shares of the company’s stock valued at $995,000 after acquiring an additional 65,939 shares during the period. JPMorgan Chase & Co. grew its position in shares of Accel Entertainment by 70.0% during the 4th quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock valued at $5,163,000 after acquiring an additional 199,092 shares during the period. Northern Trust Corp grew its position in shares of Accel Entertainment by 11.1% during the 4th quarter. Northern Trust Corp now owns 488,463 shares of the company’s stock valued at $5,217,000 after acquiring an additional 48,639 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Accel Entertainment during the 4th quarter valued at $1,228,000. Institutional investors own 55.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Macquarie reissued an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities lifted their target price on shares of Accel Entertainment to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st.

About Accel Entertainment

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.