Accel Entertainment, Inc. (NYSE:ACEL) CEO Sells $49,409.14 in 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 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 in the company, valued at approximately $50,397,382.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Accel Entertainment Stock Up 2.0 %

NYSE ACEL traded up $0.24 during trading hours on Tuesday, hitting $11.98. The company had a trading volume of 178,625 shares, compared to its average volume of 259,390. The firm’s 50 day moving average is $11.00 and its 200 day moving average 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, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.61. The company has a market capitalization of $990.03 million, a price-to-earnings ratio of 23.49 and a beta of 1.47.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its position in shares of Accel Entertainment by 65.7% during the fourth quarter. Teacher Retirement System of Texas now owns 45,404 shares of the company’s stock worth $466,000 after acquiring an additional 18,003 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Accel Entertainment in the 4th quarter valued at approximately $236,000. Quest Partners LLC acquired a new position in shares of Accel Entertainment in the 4th quarter valued at approximately $501,000. Cape Investment Advisory Inc. purchased a new position in shares of Accel Entertainment during the 4th quarter valued at approximately $50,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of Accel Entertainment by 4.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 123,459 shares of the company’s stock worth $1,268,000 after buying an additional 4,815 shares during the last quarter. 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.