Insider Selling: Accel Entertainment, Inc. (NYSE:ACEL) CEO Sells 25,681 Shares of Stock

Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein sold 25,681 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $12.22, for a total transaction of $313,821.82. Following the transaction, the chief executive officer now owns 4,226,509 shares in the company, valued at approximately $51,647,939.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Accel Entertainment Price Performance

Shares of NYSE ACEL traded down $0.66 during trading hours on Friday, hitting $10.88. 354,455 shares of the stock were exchanged, compared to its average volume of 271,167. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.76 and a current ratio of 2.83. The company has a market cap of $911.20 million, a PE ratio of 21.33 and a beta of 1.47. The company’s fifty day simple moving average is $10.24 and its two-hundred day simple moving average is $10.64. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.61.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $301.82 million during the quarter, compared to the consensus estimate of $297.77 million. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.61%. On average, sell-side analysts predict that Accel Entertainment, Inc. will post 0.72 EPS for the current year.

Hedge Funds Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of 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 acquiring an additional 3,184 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in Accel Entertainment during the fourth quarter worth $50,000. Allspring Global Investments Holdings LLC bought a new position in Accel Entertainment during the first quarter worth $52,000. Semanteon Capital Management LP bought a new position in Accel Entertainment during the fourth quarter worth $104,000. Finally, SG Americas Securities LLC bought a new position in Accel Entertainment during the fourth quarter worth $141,000. Institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.