Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein Sells 7,437 Shares

Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein sold 7,437 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $12.04, for a total value of $89,541.48. Following the completion of the transaction, the chief executive officer now owns 4,180,399 shares of the company’s stock, valued at $50,332,003.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Accel Entertainment Price Performance

Shares of ACEL opened at $11.93 on Monday. The business has a 50-day simple moving average of $11.15 and a two-hundred day simple moving average of $10.86. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.61. The company has a quick ratio of 2.98, a current ratio of 3.05 and a debt-to-equity ratio of 2.57. The stock has a market cap of $985.90 million, a PE ratio of 23.39 and a beta of 1.47.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd grew its stake in Accel Entertainment by 31,840.0% during the first quarter. Covestor Ltd now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 3,184 shares during the period. Cape Investment Advisory Inc. bought a new position in shares of Accel Entertainment during the 4th quarter worth approximately $50,000. Allspring Global Investments Holdings LLC bought a new position in shares of Accel Entertainment during the 1st quarter worth approximately $52,000. Quarry LP grew its position in shares of Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after buying an additional 6,296 shares during the period. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Accel Entertainment in the 1st quarter valued at $169,000. 55.39% of the stock is owned by institutional investors and hedge funds.

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.