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

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.

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

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.