Accel Entertainment (NYSE:ACEL) Director Gordon Rubenstein Sells 180,671 Shares

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 180,671 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $11.48, for a total value of $2,074,103.08. Following the transaction, the director owned 250 shares in the company, valued at approximately $2,870. This represents a 99.86% 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 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 shares were sold at an average price of $11.75, for a total transaction of $716,186.00.

Accel Entertainment Stock Performance

Shares of ACEL stock traded down $0.04 on Tuesday, hitting $11.44. 554,478 shares of the stock traded hands, compared to its average volume of 459,669. The company’s fifty day moving average is $11.34 and its 200 day moving average is $10.96. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.61 and a quick ratio of 2.55. Accel Entertainment, Inc. has a 1-year low of $9.02 and a 1-year high of $13.31. The company has a market capitalization of $951.67 million, a PE ratio of 19.06 and a beta of 1.05.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $341.45 million for the quarter, compared to analysts’ expectations of $335.66 million. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%. On average, equities research analysts predict that Accel Entertainment, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ACEL has been the subject of several recent analyst reports. Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th. Citigroup began coverage on shares of Accel Entertainment in a report on Friday, December 5th. They set an “outperform” rating for the company. 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 research report on Wednesday, March 4th. Finally, Truist Financial raised their price target 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. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.75.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hill Path Capital LP acquired a new position in shares of Accel Entertainment during the second quarter worth approximately $32,828,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Accel Entertainment during the 3rd quarter valued at $4,368,000. Millennium Management LLC raised its holdings in shares of Accel Entertainment by 252.5% in the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after purchasing an additional 359,948 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Accel Entertainment by 177.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock worth $6,264,000 after purchasing an additional 351,012 shares in the last quarter. Finally, Visualize Group LP purchased a new stake in shares of Accel Entertainment in the third quarter worth about $2,280,000. 55.39% of the stock is owned by institutional investors.

About Accel Entertainment

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.