Key Points
- Director Gordon Rubenstein sold 46,346 shares of Accel Entertainment on May 7 at an average price of $11.34, worth about $525,564. After the sale, his holdings fell to 4,946 shares, a 90.36% decrease in his position.
- Rubenstein has made multiple recent sales of ACEL stock, including another 12,931 shares on May 8 and several large transactions in March, indicating sustained insider selling activity.
- Accel Entertainment beat quarterly expectations, reporting EPS of $0.17 versus $0.16 expected and revenue of $351.56 million versus $342.88 million estimated. Analysts currently rate the stock a consensus Buy with an average price target of $14.67.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director Gordon Rubenstein sold 12,931 shares of the firm's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $11.55, for a total transaction of $149,353.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Gordon Rubenstein also recently made the following trade(s):
- On Thursday, May 7th, Gordon Rubenstein sold 46,346 shares of Accel Entertainment stock. The stock was sold at an average price of $11.34, for a total value of $525,563.64.
- On Thursday, March 12th, Gordon Rubenstein sold 172,943 shares of Accel Entertainment stock. The stock was 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 value of $1,790,631.62.
- On Wednesday, March 11th, Gordon Rubenstein sold 3,212 shares of Accel Entertainment stock. The stock was 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 transaction of $2,074,103.08.
- On Monday, March 9th, Gordon Rubenstein sold 228,262 shares of Accel Entertainment stock. The stock was 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 value of $716,186.00.
Accel Entertainment Stock Down 0.9%
ACEL stock opened at $11.53 on Tuesday. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02. Accel Entertainment, Inc. has a 52 week low of $9.55 and a 52 week high of $13.31. The company has a market cap of $940.09 million, a PE ratio of 19.21 and a beta of 1.04. The business has a 50-day simple moving average of $11.54 and a 200 day simple moving average of $11.10.
Accel Entertainment (NYSE:ACEL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $342.88 million. Sell-side analysts anticipate that Accel Entertainment, Inc. will post 0.7 EPS for the current fiscal year.
Hedge Funds Weigh In On Accel Entertainment
A number of hedge funds and other institutional investors have recently modified their holdings of ACEL. State of Alaska Department of Revenue purchased a new position in Accel Entertainment in the third quarter worth $49,000. Osaic Holdings Inc. lifted its holdings in Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company's stock valued at $66,000 after purchasing an additional 4,608 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Accel Entertainment by 195.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company's stock worth $84,000 after buying an additional 4,700 shares during the period. EntryPoint Capital LLC bought a new position in shares of Accel Entertainment in the fourth quarter worth $118,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Accel Entertainment in the 1st quarter worth about $110,000. Hedge funds and other institutional investors own 55.39% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on ACEL shares. Truist Financial upped their price target 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 upgraded shares of Accel Entertainment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, April 9th. Wall Street Zen downgraded Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 2nd. Zacks Research raised shares of Accel Entertainment from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 20th. Finally, Citizens Jmp increased their price target on Accel Entertainment from $13.00 to $14.00 and gave the stock a "market outperform" rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Accel Entertainment has an average rating of "Buy" and an average price target of $14.67.
Get Our Latest Analysis on ACEL
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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