Accel Entertainment (NYSE:ACEL) Director Sells $2,595,338.94 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 228,262 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $11.37, for a total value of $2,595,338.94. Following the sale, the director directly owned 313,903 shares in the company, valued at $3,569,077.11. This trade represents a 42.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 11th, Gordon Rubenstein sold 157,349 shares of Accel Entertainment stock. The shares were 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 stock was sold at an average price of $11.48, for a total value of $2,074,103.08.
• 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 opened at $11.34 on Friday. The company has a 50-day moving average of $11.34 and a two-hundred day moving average of $10.96. The stock has a market cap of $943.19 million, a price-to-earnings ratio of 18.89 and a beta of 1.05. 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 one year low of $9.02 and a one year high of $13.31.

Accel Entertainment (NYSE:ACEL) last released its quarterly 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. Accel Entertainment had a net margin of 3.87% and a return on equity of 27.49%. The business had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. On average, equities research analysts expect that Accel Entertainment, Inc. will post 0.8 earnings per share for the current year.

Institutional Trading of Accel Entertainment

A number of institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in Accel Entertainment by 13.1% in the first quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock valued at $1,591,000 after purchasing an additional 18,643 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Accel Entertainment during the 1st quarter worth about $110,000. Millennium Management LLC lifted its holdings in shares of Accel Entertainment by 252.5% during the 1st 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 last quarter. Jane Street Group LLC grew its stake in shares of Accel Entertainment by 157.5% in the 1st quarter. Jane Street Group LLC now owns 37,108 shares of the company’s stock valued at $368,000 after buying an additional 22,695 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Accel Entertainment by 5.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 120,735 shares of the company’s stock valued at $1,421,000 after buying an additional 6,088 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Truist Financial increased their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Citigroup began coverage on Accel Entertainment in a research report on Friday, December 5th. They set an “outperform” rating for the company. Finally, Citizens Jmp upped their target price on Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Accel Entertainment currently has an average rating of “Moderate Buy” and an average target price of $14.75.

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.