Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $325,960.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 29,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $11.24, for a total transaction of $325,960.00. Following the sale, the director now directly owns 14,117 shares of the company’s stock, valued at approximately $158,675.08. This trade represents a 67.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, June 5th, Gordon Rubenstein sold 25,883 shares of Accel Entertainment stock. The shares were sold at an average price of $11.10, for a total transaction of $287,301.30.

Accel Entertainment Stock Performance

ACEL stock opened at $11.63 on Thursday. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The business has a 50-day moving average price of $11.13 and a 200 day moving average price of $11.04. The company has a market capitalization of $983.95 million, a P/E ratio of 22.79 and a beta of 1.23. Accel Entertainment, Inc. has a 1-year low of $9.02 and a 1-year high of $12.96.

Institutional Trading of Accel Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Accel Entertainment in the first quarter valued at about $35,000. Covestor Ltd grew its stake in Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after purchasing an additional 1,051 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Accel Entertainment in the fourth quarter valued at about $51,000. Russell Investments Group Ltd. grew its stake in Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Accel Entertainment by 483.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock valued at $79,000 after purchasing an additional 6,151 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Accel Entertainment Company Profile

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.