Key Points
- Director Gordon Rubenstein executed a large sell-off of Accel Entertainment shares this month, disposing of roughly 630,446 shares across multiple transactions (totaling about $7.21 million), leaving him with just 495 shares — a ~99.69% drop in his ownership.
- Company and analyst snapshot: ACEL traded at $11.40 (+0.7%) with a market cap near $949M; the company recently beat quarterly EPS and revenue estimates, and analysts hold an average rating of “Moderate Buy” with an average target of about $14.75.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director Gordon Rubenstein sold 157,349 shares of the firm's stock in a transaction that occurred on 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 sale, the director directly owned 495 shares of the company's stock, valued at $5,633.10. This represents a 99.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.
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 value 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 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 transaction of $2,595,338.94.
- On Friday, March 6th, Gordon Rubenstein sold 60,952 shares of Accel Entertainment stock. The stock was sold at an average price of $11.75, for a total transaction of $716,186.00.
Accel Entertainment Trading Up 0.7%
Shares of NYSE ACEL traded up $0.08 during trading hours on Friday, reaching $11.40. The stock had a trading volume of 117,666 shares, compared to its average volume of 421,560. The business's fifty day moving average price is $11.34 and its two-hundred day moving average price is $10.96. The firm has a market cap of $948.59 million, a price-to-earnings ratio of 18.98 and a beta of 1.05. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $13.31. The company has a current ratio of 2.61, a quick ratio of 2.55 and a debt-to-equity ratio of 2.11.
Accel Entertainment (NYSE:ACEL - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported $0.19 earnings per share for the quarter, topping 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 business had revenue of $341.45 million during the quarter, compared to analysts' expectations of $335.66 million. Analysts expect that Accel Entertainment, Inc. will post 0.8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on ACEL shares. Citizens Jmp increased their target price on Accel Entertainment from $13.00 to $14.00 and gave the company a "market outperform" rating in a research report on Wednesday, March 4th. Citigroup began coverage on Accel Entertainment in a research note on Friday, December 5th. They issued an "outperform" rating on the stock. Weiss Ratings raised shares of Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, March 5th. Finally, Truist Financial raised their price target 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $14.75.
Get Our Latest Report on Accel Entertainment
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in Accel Entertainment in the third quarter valued at about $49,000. Osaic Holdings Inc. boosted its stake in Accel Entertainment by 456.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company's stock worth $66,000 after purchasing an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company's stock worth $84,000 after purchasing an additional 4,700 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Accel Entertainment during the 4th quarter valued at approximately $118,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Accel Entertainment in the first quarter worth $110,000. 55.39% of the stock is owned by institutional investors and hedge funds.
Accel Entertainment Company Profile
(
Get Free Report)
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.
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