Interactive Brokers shares jump as it secures spot in S&P 500
Andrew H. Rubenstein, CEO and President of Accel Entertainment, Inc. (NYSE:ACEL), has recently sold a significant portion of his holdings in the company. According to a recent filing, Rubenstein sold a total of 45,000 shares over two days, April 14 and April 15, 2025. The sales were conducted at an average price range of $11.0324 to $11.0709 per share, amounting to a total transaction value of approximately $497,381. The company, with a market capitalization of $960 million, has shown strong momentum with a 4.84% return over the past week. According to InvestingPro analysis, the stock appears undervalued at current levels.
These transactions were executed under a Rule 10b5-1 trading plan, which Rubenstein adopted in March 2024. This plan allows executives to sell a predetermined number of shares at a set time, reducing concerns about insider trading. Following these sales, Rubenstein retains ownership of 4,031,130 shares of the company. The company maintains strong financial health with a current ratio of 2.76, indicating robust liquidity.
Accel Entertainment, headquartered in Burr Ridge, Illinois, operates within the amusement and recreation services sector. The company continues to be a significant player in its industry, with Rubenstein’s transactions offering insight into executive activity within the firm. With revenue growth of 5.17% and an overall financial health score of "GOOD" according to InvestingPro, which offers comprehensive analysis and additional insights through its Pro Research Report covering 1,400+ US equities.
In other recent news, Accel Entertainment reported a 6.9% increase in fourth-quarter 2024 revenue, reaching $318 million, while full-year revenue rose to $1.2 billion, a 5.2% increase from the previous year. The company’s adjusted EBITDA for the fourth quarter increased by 6.2% to $47 million, with the full year reaching $189 million, reflecting a 4.2% rise. Accel Entertainment has also made significant strategic moves, including its entry into the Louisiana market and the acquisition of Fairmont Park, which are expected to contribute to future growth. The company plans to invest $75 to $80 million in capital expenditures for 2025, focusing on existing markets and the development of the Fairmont Casino (EPA:CASP). In leadership changes, Scott Levin has been appointed as the new Chief Legal Officer, while Derek Harmer transitions to a dedicated Chief Compliance Officer role. The company remains focused on optimizing its operations by strategically closing underperforming locations and expanding its presence in new markets. Additionally, the Board of Directors has authorized replenishing the share repurchase program to $200 million, reflecting a commitment to returning capital to shareholders.
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