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 business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 107,187 shares in the company, valued at approximately $1,135,110.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 Down 0.5 %

Shares of NYSE:ACEL traded down $0.05 during trading on Monday, hitting $10.42. 569,570 shares of the company were exchanged, compared to its average volume of 263,343. 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 fifty-two week low of $7.26 and a fifty-two week high of $12.05. The firm has a fifty day moving average price of $10.57 and a two-hundred day moving average price of $10.54. The company has a current ratio of 3.07, a quick ratio of 2.99 and a debt-to-equity ratio of 2.43.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ACEL. Invesco Ltd. increased its position in shares of Accel Entertainment by 974.6% during the 3rd quarter. Invesco Ltd. now owns 974,356 shares of the company’s stock worth $10,669,000 after purchasing an additional 883,688 shares during the last quarter. Darlington Partners Capital Management LP increased its holdings in shares of Accel Entertainment by 6.6% during the 1st quarter. Darlington Partners Capital Management LP now owns 8,098,349 shares of the company’s stock worth $73,776,000 after acquiring an additional 502,171 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Accel Entertainment by 423.3% during the 1st quarter. Prudential Financial Inc. now owns 361,691 shares of the company’s stock worth $4,405,000 after acquiring an additional 292,576 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Accel Entertainment by 50.3% during the 3rd quarter. Nuveen Asset Management LLC now owns 682,930 shares of the company’s stock worth $5,334,000 after acquiring an additional 228,585 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Accel Entertainment during the 2nd quarter worth approximately $2,240,000. Institutional investors and hedge funds 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.