Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director Gordon Rubenstein sold 29,000 shares of the business's 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 completion of the sale, the director now owns 14,117 shares in the company, valued at $158,675.08. This represents a 67.26% decrease in their position. 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 Thursday, June 5th, Gordon Rubenstein sold 25,883 shares of Accel Entertainment stock. The shares were sold at an average price of $11.10, for a total transaction of $287,301.30.
Accel Entertainment Trading Up 0.6%
Shares of ACEL traded up $0.07 during midday trading on Thursday, hitting $11.69. The stock had a trading volume of 231,135 shares, compared to its average volume of 286,229. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96. The firm has a market cap of $989.45 million, a PE ratio of 22.92 and a beta of 1.23. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The stock's 50 day moving average is $11.17 and its 200 day moving average is $11.04.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Northland Securities increased their target price on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Macquarie reissued an "outperform" rating and issued a $16.00 target price on shares of Accel Entertainment in a research note on Tuesday, May 6th.
View Our Latest Research Report on ACEL
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ACEL. Versant Capital Management Inc bought a new position in shares of Accel Entertainment in the first quarter worth about $35,000. Covestor Ltd grew its holdings in shares of Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company's stock worth $46,000 after purchasing an additional 1,051 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Accel Entertainment in the fourth quarter worth about $51,000. Russell Investments Group Ltd. grew its holdings in shares of Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock worth $56,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Accel Entertainment by 483.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock worth $79,000 after purchasing an additional 6,151 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.
About Accel Entertainment
(
Get Free Report)
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.
Featured Articles

Before you consider Accel Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Accel Entertainment wasn't on the list.
While Accel Entertainment currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.