Andrew H. Rubenstein Sells 4,114 Shares of Accel Entertainment, Inc. (NYSE:ACEL) Stock

Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein sold 4,114 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $12.01, for a total value of $49,409.14. Following the completion of the transaction, the chief executive officer now owns 4,196,285 shares of the company’s stock, valued at approximately $50,397,382.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Accel Entertainment Trading Down 0.2 %

Shares of NYSE:ACEL opened at $11.96 on Thursday. The company has a quick ratio of 2.98, a current ratio of 3.05 and a debt-to-equity ratio of 2.57. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61. The stock has a market cap of $988.37 million, a price-to-earnings ratio of 23.45 and a beta of 1.47. The business has a 50-day moving average price of $11.04 and a 200-day moving average price of $10.85.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Accel Entertainment had a return on equity of 36.19% and a net margin of 4.05%. The firm had revenue of $309.41 million during the quarter, compared to the consensus estimate of $302.24 million. Equities analysts predict that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Accel Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Accel Entertainment by 8.2% during the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock worth $205,000 after purchasing an additional 1,519 shares during the period. Covestor Ltd lifted its holdings in Accel Entertainment by 31,840.0% in 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 period. AdvisorShares Investments LLC lifted its holdings in Accel Entertainment by 13.5% in the second quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock valued at $311,000 after acquiring an additional 3,720 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Accel Entertainment in the first quarter valued at approximately $52,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Accel Entertainment by 4.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 123,459 shares of the company’s stock valued at $1,268,000 after acquiring an additional 4,815 shares during the period. Institutional investors and hedge funds 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.