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

Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein sold 4,114 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $12.01, for a total transaction of $49,409.14. Following the completion of the transaction, the chief executive officer now directly owns 4,196,285 shares of the company’s stock, valued at approximately $50,397,382.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Accel Entertainment Trading Up 2.0 %

ACEL stock traded up $0.24 during midday trading on Tuesday, hitting $11.98. The stock had a trading volume of 178,625 shares, compared to its average volume of 259,390. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.61. The firm has a market cap of $990.03 million, a PE ratio of 23.49 and a beta of 1.47. The company’s 50-day moving average price is $11.00 and its 200 day moving average price is $10.84. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.05 and a quick ratio of 2.98.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, beating 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 business had revenue of $309.41 million during the quarter, compared to the consensus estimate of $302.24 million. On average, equities research analysts predict that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ACEL. Aristides Capital LLC acquired a new stake in shares of Accel Entertainment during the 2nd quarter worth $271,000. Greenvale Capital LLP grew its position in Accel Entertainment by 7.3% during the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after acquiring an additional 398,302 shares during the period. Quarry LP increased its stake in Accel Entertainment by 268.4% during the second quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after acquiring an additional 6,296 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Accel Entertainment by 2.1% in the 2nd quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock worth $4,046,000 after purchasing an additional 8,138 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Accel Entertainment by 40.7% in the 2nd quarter. Hsbc Holdings PLC now owns 47,204 shares of the company’s stock valued at $485,000 after purchasing an additional 13,663 shares in the last quarter. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

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.