Accel Entertainment (NYSE:ACEL) Director Sells $1,790,631.62 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 157,349 shares of Accel Entertainment stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $11.38, for a total value of $1,790,631.62. Following the completion of the transaction, the director owned 495 shares in the company, valued at $5,633.10. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 shares were 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 Price Performance

Shares of ACEL stock traded down $0.05 during trading hours on Thursday, hitting $11.34. 548,903 shares of the company’s stock were exchanged, compared to its average volume of 427,992. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $13.31. The stock’s 50-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. The stock has a market cap of $943.16 million, a price-to-earnings ratio of 18.89 and a beta of 1.05.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $335.66 million. As a group, research analysts forecast that Accel Entertainment, Inc. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

ACEL has been the subject of a number of analyst reports. Truist Financial lifted 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. Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Citigroup began coverage on Accel Entertainment in a research report on Friday, December 5th. They issued an “outperform” rating on the stock. Finally, Citizens Jmp lifted their price objective on Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACEL. Hsbc Holdings PLC raised its holdings in Accel Entertainment by 105.6% in the fourth 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 during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Accel Entertainment during the fourth quarter worth $131,000. EP Wealth Advisors LLC acquired a new position in shares of Accel Entertainment in the 4th quarter valued at $255,000. Empowered Funds LLC acquired a new position in shares of Accel Entertainment in the 4th quarter valued at $1,032,000. Finally, XTX Topco Ltd bought a new stake in shares of Accel Entertainment in the 4th quarter valued at $410,000. Institutional investors and hedge funds 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.