Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $1,179,884.85 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director Gordon Rubenstein sold 111,415 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $10.59, for a total value of $1,179,884.85. Following the sale, the director now owns 107,187 shares of the company’s stock, valued at approximately $1,135,110.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 20th, Gordon Rubenstein sold 76,069 shares of Accel Entertainment stock. The shares were sold at an average price of $10.44, for a total value of $794,160.36.

Accel Entertainment Stock Performance

Shares of ACEL opened at $10.42 on Tuesday. The company has a quick ratio of 2.99, a current ratio of 3.07 and a debt-to-equity ratio of 2.43. The business has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.54. The stock has a market cap of $883.65 million, a price-to-earnings ratio of 21.27 and a beta of 1.32. Accel Entertainment, Inc. has a 52 week low of $7.26 and a 52 week high of $12.05.

Analysts Set New Price Targets

Separately, TheStreet upgraded Accel Entertainment from a “c+” rating to a “b” rating in a research report on Friday, August 4th.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently made changes to their positions in ACEL. Advisor Group Holdings Inc. boosted its stake in shares of Accel Entertainment by 87.1% in the first quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company’s stock worth $111,000 after acquiring an additional 4,257 shares during the period. Principal Financial Group Inc. bought a new position in shares of Accel Entertainment in the first quarter worth about $126,000. Bank of New York Mellon Corp boosted its stake in shares of Accel Entertainment by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 206,892 shares of the company’s stock worth $2,520,000 after acquiring an additional 3,679 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Accel Entertainment by 53.2% in the first quarter. MetLife Investment Management LLC now owns 30,368 shares of the company’s stock worth $370,000 after acquiring an additional 10,543 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Accel Entertainment by 9.9% in the first quarter. Rhumbline Advisers now owns 50,962 shares of the company’s stock worth $621,000 after acquiring an additional 4,593 shares during the period. Institutional investors own 68.36% of the company’s stock.

Accel Entertainment Company Profile

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.