Insider Selling: Accel Entertainment (NYSE:ACEL) Director Sells 172,943 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 172,943 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $11.37, for a total transaction of $1,966,361.91. Following the completion of the sale, the director directly owned 22,674 shares in the company, valued at $257,803.38. This represents a 88.41% decrease in their ownership of the stock. The transaction 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 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 transaction 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 transaction of $1,790,631.62.
• On Wednesday, March 11th, Gordon Rubenstein sold 3,212 shares of Accel Entertainment stock. The shares were sold at an average price of $11.38, for a total transaction 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 transaction of $2,074,103.08.
• On Monday, March 9th, Gordon Rubenstein sold 228,262 shares of Accel Entertainment stock. The stock was sold at an average price of $11.37, for a total value 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 value of $716,186.00.

Accel Entertainment Stock Performance

NYSE:ACEL traded down $0.13 during trading hours on Monday, reaching $11.16. 310,275 shares of the stock were exchanged, compared to its average volume of 498,045. The stock has a market capitalization of $910.32 million, a P/E ratio of 13.44 and a beta of 1.05. The firm has a 50 day simple moving average of $11.34 and a 200-day simple moving average of $10.95. The company has a quick ratio of 2.55, a current ratio of 2.61 and a debt-to-equity ratio of 2.11. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $13.31.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $341.45 million for the quarter, compared to analyst estimates of $335.66 million. Accel Entertainment had a return on equity of 27.49% and a net margin of 3.87%. As a group, sell-side analysts forecast that Accel Entertainment, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACEL. Weiss Ratings upgraded Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Truist Financial lifted their price target on Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Citigroup assumed coverage on Accel Entertainment in a research report on Friday, December 5th. They issued an “outperform” rating on the stock. Finally, Citizens Jmp raised their price target 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.75.

Hedge Funds Weigh In On Accel Entertainment

Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC raised its holdings in shares of Accel Entertainment by 105.6% in the 4th quarter. Hsbc Holdings PLC now owns 118,610 shares of the company’s stock worth $1,352,000 after purchasing an additional 60,917 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Accel Entertainment in the fourth quarter worth approximately $131,000. EP Wealth Advisors LLC acquired a new position in Accel Entertainment in the fourth quarter worth approximately $255,000. Empowered Funds LLC bought a new position in shares of Accel Entertainment in the fourth quarter valued at $1,032,000. Finally, XTX Topco Ltd acquired a new position in shares of Accel Entertainment in the 4th quarter worth $410,000. 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.