Gordon Rubenstein Sells 25,883 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director Gordon Rubenstein sold 25,883 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $11.10, for a total transaction of $287,301.30. Following the transaction, the director now owns 43,117 shares in the company, valued at approximately $478,598.70. The trade was a 37.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 6th, Gordon Rubenstein sold 29,000 shares of Accel Entertainment stock. The stock was sold at an average price of $11.24, for a total transaction of $325,960.00.

Accel Entertainment Stock Up 0.6%

Shares of NYSE:ACEL traded up $0.07 during trading on Thursday, reaching $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 one year low of $9.02 and a one year high of $12.96. The company has a market capitalization of $989.45 million, a P/E ratio of 22.92 and a beta of 1.23. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The firm's 50-day simple moving average is $11.17 and its 200 day simple moving average is $11.04.

Wall Street Analyst Weigh In

ACEL has been the topic of several recent research reports. Northland Securities increased their target price on shares of Accel Entertainment to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Macquarie reissued an "outperform" rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th.

Institutional Trading of Accel Entertainment

A number of institutional investors have recently modified their holdings of ACEL. Barclays PLC boosted its holdings in shares of Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after buying an additional 57,666 shares in the last quarter. Legato Capital Management LLC boosted its holdings in shares of Accel Entertainment by 33.4% in the 4th quarter. Legato Capital Management LLC now owns 16,842 shares of the company's stock valued at $180,000 after buying an additional 4,219 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Accel Entertainment in the 4th quarter valued at about $51,000. Olympiad Research LP bought a new stake in shares of Accel Entertainment in the 4th quarter valued at about $162,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Accel Entertainment by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company's stock valued at $4,791,000 after buying an additional 6,641 shares in 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.