Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein Sells 175,000 Shares

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director Gordon Rubenstein sold 175,000 shares of the company's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $9.76, for a total transaction of $1,708,000.00. Following the completion of the sale, the director now directly owns 1,269,235 shares in the company, valued at $12,387,733.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Accel Entertainment Stock Down 0.7 %

ACEL traded down $0.07 during trading on Friday, hitting $10.11. 308,796 shares of the company's stock were exchanged, compared to its average volume of 283,774. The company has a quick ratio of 2.76, a current ratio of 2.83 and a debt-to-equity ratio of 2.53. The business's 50 day moving average is $11.28 and its two-hundred day moving average is $10.65. Accel Entertainment, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $12.05. The stock has a market cap of $847.22 million, a P/E ratio of 19.96 and a beta of 1.42.

Accel Entertainment (NYSE:ACEL - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $297.07 million during the quarter, compared to analyst estimates of $286.32 million. Accel Entertainment had a net margin of 3.72% and a return on equity of 36.88%. As a group, equities analysts expect that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Accel Entertainment from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 9th.

Hedge Funds Weigh In On Accel Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its position in Accel Entertainment by 9.3% during the third quarter. Teacher Retirement System of Texas now owns 27,401 shares of the company's stock valued at $300,000 after buying an additional 2,323 shares during the period. Barclays PLC grew its position in Accel Entertainment by 4.0% during the third quarter. Barclays PLC now owns 68,762 shares of the company's stock valued at $753,000 after buying an additional 2,642 shares during the period. PEAK6 Investments LLC grew its position in Accel Entertainment by 9.6% during the third quarter. PEAK6 Investments LLC now owns 34,979 shares of the company's stock valued at $383,000 after buying an additional 3,073 shares during the period. Covestor Ltd grew its position in Accel Entertainment by 31,840.0% during the first quarter. Covestor Ltd now owns 3,194 shares of the company's stock valued at $38,000 after buying an additional 3,184 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Accel Entertainment by 36.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,775 shares of the company's stock valued at $152,000 after buying an additional 3,917 shares during the period. 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.

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