Accel Entertainment (NYSE:ACEL) Director Sells $716,186.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 60,952 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.75, for a total transaction of $716,186.00. Following the completion of the transaction, the director directly owned 542,165 shares in the company, valued at $6,370,438.75. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value 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 value of $2,595,338.94.

Accel Entertainment Trading Down 0.4%

Accel Entertainment stock traded down $0.04 during trading on Tuesday, reaching $11.44. 554,478 shares of the company were exchanged, compared to its average volume of 459,669. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $13.31. The company has a market capitalization of $951.67 million, a P/E ratio of 19.06 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. The stock’s 50 day simple moving average is $11.34 and its two-hundred day simple moving average is $10.96.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ACEL. Engineers Gate Manager LP grew its position in shares of Accel Entertainment by 8.7% during the second quarter. Engineers Gate Manager LP now owns 11,960 shares of the company’s stock worth $141,000 after buying an additional 956 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Accel Entertainment by 3.9% in the 2nd quarter. Cerity Partners LLC now owns 30,763 shares of the company’s stock valued at $362,000 after buying an additional 1,145 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Accel Entertainment by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,083 shares of the company’s stock valued at $248,000 after buying an additional 1,694 shares in the last quarter. Zacks Investment Management raised its stake in Accel Entertainment by 9.4% during the 3rd quarter. Zacks Investment Management now owns 23,647 shares of the company’s stock worth $262,000 after acquiring an additional 2,035 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in Accel Entertainment by 7.8% in the fourth quarter. MetLife Investment Management LLC now owns 29,035 shares of the company’s stock valued at $331,000 after acquiring an additional 2,110 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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