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

Accel Entertainment, Inc. (NYSE:ACEL) CEO Andrew H. Rubenstein sold 7,437 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $12.04, for a total value of $89,541.48. Following the transaction, the chief executive officer now directly owns 4,180,399 shares of the company’s stock, valued at approximately $50,332,003.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Accel Entertainment Price Performance

Shares of NYSE ACEL opened at $11.93 on Friday. Accel Entertainment, Inc. has a twelve month low of $9.37 and a twelve month high of $12.61. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57. The firm has a 50-day moving average of $11.11 and a two-hundred day moving average of $10.86. The company has a market capitalization of $985.90 million, a price-to-earnings ratio of 23.39 and a beta of 1.47.

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. The business had revenue of $309.41 million for the quarter, compared to the consensus estimate of $302.24 million. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. As a group, analysts expect that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Accel Entertainment

Several large investors have recently modified their holdings of ACEL. Greenvale Capital LLP raised its position in shares of Accel Entertainment by 7.3% during the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after purchasing an additional 398,302 shares during the period. Mill Road Capital Management LLC boosted its position in shares of Accel Entertainment by 282.9% in the 4th quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock valued at $3,086,000 after purchasing an additional 222,005 shares during the period. Icon Wealth Advisors LLC purchased a new position in Accel Entertainment in the 4th quarter worth about $514,000. Quest Partners LLC purchased a new position in Accel Entertainment in the 4th quarter worth about $501,000. Finally, Boston Partners acquired a new stake in Accel Entertainment during the 1st quarter worth about $555,000. 55.39% of the stock is owned by 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.