Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein Sells 29,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director Gordon Rubenstein sold 29,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $11.24, for a total transaction of $325,960.00. Following the sale, the director now owns 14,117 shares of the company's stock, valued at approximately $158,675.08. This represents a 67.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 5th, Gordon Rubenstein sold 25,883 shares of Accel Entertainment stock. The stock was sold at an average price of $11.10, for a total transaction of $287,301.30.

Accel Entertainment Stock Performance

Accel Entertainment stock traded up $0.17 during trading hours on Monday, reaching $11.45. 238,303 shares of the stock were exchanged, compared to its average volume of 285,393. The stock has a market cap of $969.14 million, a P/E ratio of 22.45 and a beta of 1.23. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $12.96. The firm's 50 day moving average is $11.05 and its 200 day moving average is $11.03.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Macquarie restated an "outperform" rating and set a $16.00 price objective on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities upped their price objective on shares of Accel Entertainment to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st.

Hedge Funds Weigh In On Accel Entertainment

A number of large investors have recently bought and sold shares of ACEL. Hohimer Wealth Management LLC increased its holdings in shares of Accel Entertainment by 5.4% in the 1st quarter. Hohimer Wealth Management LLC now owns 18,699 shares of the company's stock valued at $185,000 after purchasing an additional 961 shares in the last quarter. Covestor Ltd increased its holdings in shares of Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after purchasing an additional 1,051 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Accel Entertainment by 4.7% in the 1st quarter. MetLife Investment Management LLC now owns 31,104 shares of the company's stock valued at $309,000 after purchasing an additional 1,389 shares in the last quarter. Swiss National Bank increased its holdings in shares of Accel Entertainment by 1.7% in the 1st quarter. Swiss National Bank now owns 99,800 shares of the company's stock valued at $990,000 after purchasing an additional 1,700 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Accel Entertainment by 21.0% in the 4th quarter. EP Wealth Advisors LLC now owns 15,186 shares of the company's stock valued at $162,000 after purchasing an additional 2,640 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company's stock.

Accel Entertainment Company Profile

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.

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