Gordon Rubenstein Sells 175,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 175,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $9.76, for a total value of $1,708,000.00. Following the transaction, the director now owns 1,269,235 shares in the company, valued at $12,387,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Accel Entertainment Price Performance

Shares of ACEL opened at $10.10 on Friday. The company has a market cap of $845.88 million, a P/E ratio of 19.82 and a beta of 1.42. Accel Entertainment, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $12.05. The company has a quick ratio of 2.76, a current ratio of 2.83 and a debt-to-equity ratio of 2.53. The firm’s 50 day moving average price is $11.25 and its 200 day moving average price is $10.65.

Accel Entertainment (NYSE:ACEL) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $297.07 million for the quarter, compared to analyst estimates of $286.32 million. Accel Entertainment had a return on equity of 36.88% and a net margin of 3.72%. On average, research analysts forecast that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Accel Entertainment from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, May 9th.

Institutional Investors Weigh In On Accel Entertainment

A number of hedge funds have recently bought and sold shares of ACEL. Invesco Ltd. raised its stake in Accel Entertainment by 974.6% in the third quarter. Invesco Ltd. now owns 974,356 shares of the company’s stock valued at $10,669,000 after buying an additional 883,688 shares in the last quarter. Mill Road Capital Management LLC increased its holdings in shares of Accel Entertainment by 282.9% in the 4th quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock valued at $3,086,000 after acquiring an additional 222,005 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Accel Entertainment by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,101,745 shares of the company’s stock worth $33,964,000 after acquiring an additional 210,862 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in Accel Entertainment by 291.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 118,644 shares of the company’s stock worth $1,299,000 after purchasing an additional 88,314 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Accel Entertainment by 594.9% during the third quarter. Panagora Asset Management Inc. now owns 71,130 shares of the company’s stock worth $779,000 after purchasing an additional 60,894 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

About Accel Entertainment

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.