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 Accel Entertainment stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $11.10, for a total transaction of $287,301.30. Following the completion of the transaction, the director now directly owns 43,117 shares in the company, valued at approximately $478,598.70. The trade was a 37.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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

Accel Entertainment Stock Up 1.5%

Shares of ACEL stock traded up $0.17 during trading on Monday, reaching $11.45. The company's stock had a trading volume of 238,303 shares, compared to its average volume of 285,393. The business has a fifty day moving average price of $11.05 and a 200-day moving average price of $11.03. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The company has a market cap of $969.14 million, a price-to-earnings ratio of 22.45 and a beta of 1.23. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $12.96.

Wall Street Analysts Forecast Growth

ACEL has been the topic of a number of research reports. Macquarie reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities boosted 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.

Institutional Trading of Accel Entertainment

A number of institutional investors have recently made changes to their positions in ACEL. Versant Capital Management Inc bought a new stake in shares of Accel Entertainment in the first quarter worth $35,000. Covestor Ltd lifted its position 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 in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Accel Entertainment in the fourth quarter worth $51,000. Russell Investments Group Ltd. lifted its position 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position 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 in the last quarter. Institutional investors own 55.39% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.