Accel Entertainment (NYSE:ACEL) Director Sells $149,353.05 in 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 transaction of $149,353.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, May 7th, Gordon Rubenstein sold 46,346 shares of Accel Entertainment stock. The shares were sold at an average price of $11.34, for a total transaction 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 transaction of $1,966,361.91.
• On Thursday, March 12th, Gordon Rubenstein sold 3,766 shares of Accel Entertainment stock. The shares were 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 shares were 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 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 shares were sold at an average price of $11.75, for a total transaction of $716,186.00.

Accel Entertainment Stock Down 0.9%

Shares of NYSE:ACEL traded down $0.11 during trading on Monday, reaching $11.53. 351,465 shares of the stock traded hands, compared to its average volume of 385,477. The stock has a 50-day moving average of $11.52 and a two-hundred day moving average of $11.09. Accel Entertainment, Inc. has a 52-week low of $9.55 and a 52-week high of $13.31. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. The stock has a market cap of $940.06 million, a P/E ratio of 19.21 and a beta of 1.04.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The company had revenue of $351.56 million for the quarter, compared to analysts’ expectations of $342.88 million. As a group, sell-side analysts expect that Accel Entertainment, Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Accel Entertainment by 2.0% in the third quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company’s stock worth $43,140,000 after acquiring an additional 74,992 shares during the period. Invesco Ltd. raised its position in Accel Entertainment by 5.7% in the third quarter. Invesco Ltd. now owns 926,303 shares of the company’s stock worth $10,254,000 after acquiring an additional 50,305 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Accel Entertainment by 8.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company’s stock worth $9,490,000 after acquiring an additional 65,610 shares during the period. Goldman Sachs Group Inc. raised its position in 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 acquiring an additional 351,012 shares during the period. Finally, Millennium Management LLC raised its position in Accel Entertainment by 252.5% in the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock worth $4,985,000 after acquiring an additional 359,948 shares during the period. 55.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ACEL. Wall Street Zen cut shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 9th. Citizens Jmp raised their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Truist Financial raised their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Finally, Zacks Research upgraded shares of Accel Entertainment from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Accel Entertainment currently has an average rating of “Buy” and a consensus price target of $14.67.

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.