Gordon Rubenstein Sells 12,931 Shares of Accel Entertainment (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 12,931 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $11.55, for a total value of $149,353.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, May 7th, Gordon Rubenstein sold 46,346 shares of Accel Entertainment stock. The stock was sold at an average price of $11.34, for a total value of $525,563.64.
• 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 value 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 transaction 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.
• 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 Price Performance

Shares of ACEL stock opened at $11.47 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.71 and a quick ratio of 2.64. The firm’s 50-day moving average is $11.54 and its two-hundred day moving average is $11.11. Accel Entertainment, Inc. has a 12 month low of $9.55 and a 12 month high of $13.31. The company has a market capitalization of $935.28 million, a PE ratio of 19.11 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Accel Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of Accel Entertainment by 71.6% in the fourth quarter. UBS Group AG now owns 200,736 shares of the company’s stock valued at $2,290,000 after buying an additional 83,725 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in Accel Entertainment during the 4th quarter worth about $204,000. R Squared Ltd lifted its stake in Accel Entertainment by 30.4% during the 4th quarter. R Squared Ltd now owns 30,101 shares of the company’s stock worth $343,000 after acquiring an additional 7,020 shares in the last quarter. SG Americas Securities LLC purchased a new position in Accel Entertainment during the 4th quarter valued at about $157,000. Finally, Hohimer Wealth Management LLC boosted its holdings in Accel Entertainment by 13.7% during the 3rd quarter. Hohimer Wealth Management LLC now owns 19,393 shares of the company’s stock valued at $215,000 after acquiring an additional 2,342 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

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.