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David W. Ruttenberg, a director at Accel Entertainment, Inc. (NYSE:ACEL), a $945 million market cap gaming company currently trading at $11.03, recently sold a total of 25,000 shares of Class A-1 Common Stock in two separate transactions. According to InvestingPro analysis, the stock appears undervalued despite its impressive 10.5% gain over the past week. The sales occurred on April 14, 2025, with the shares sold at weighted average prices ranging from $11.0063 to $11.007 per share. The total value of these transactions amounted to approximately $275,166. Analysts maintain a strong buy recommendation with price targets ranging from $15 to $16, suggesting significant upside potential. For comprehensive insider trading analysis and more insights, check out the detailed Pro Research Report available on InvestingPro.
Following these sales, Ruttenberg holds 463,026 shares indirectly through Grant Place Fund LLC and 323,135 shares through the Crilly Court Trust. Both entities are linked to Ruttenberg, but he disclaims beneficial ownership except for his pecuniary interest.
In addition to these transactions, Ruttenberg acquired restricted stock units (RSUs) earlier in the month, totaling 21,040 shares, which will vest on December 31, 2025, contingent on his continued service to the company.
In other recent news, Accel Entertainment reported a strong financial performance for the fourth quarter of 2024, with revenue rising by 6.9% to $318 million. The full-year revenue reached $1.2 billion, marking a 5.2% increase from the previous year. The company also saw an increase in its adjusted EBITDA, reaching $47 million for the fourth quarter and $189 million for the entire year. Accel Entertainment has made strategic moves, including entering the Louisiana market and acquiring Fairmont Park, to support its future growth. The company is preparing for the Phase One opening of the Fairmont Casino (EPA:CASP), expected in the second quarter of 2025. Additionally, Accel Entertainment has appointed Scott Levin as the new Chief Legal Officer and Secretary, bringing over thirty years of legal experience to the role. This leadership change aligns with Accel’s ongoing expansion efforts and its focus on strengthening its position in the gaming industry. The company’s strategic initiatives and robust financial performance set a promising tone for the upcoming year.
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