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BURR RIDGE, IL—Gordon Rubenstein, a director at Accel Entertainment, Inc. (NYSE:ACEL), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission (SEC), Rubenstein sold 29,000 shares of Class A-1 Common Stock on June 6, 2025. The shares were sold at a weighted average price of $11.2403, with transaction prices ranging from $11.03 to $11.295. This sale amounted to a total of $325,968. The gaming company, currently valued at approximately $987 million, has maintained strong financial health with a solid current ratio of 2.42.
Following this transaction, Rubenstein holds 603,117 shares indirectly through Fund Indy LLC, where he is the sole member. This figure excludes 612,118 shares previously transferred to his ex-spouse as part of a marital settlement agreement. Rubenstein disclaims beneficial ownership over the securities held by Fund Indy LLC except to the extent of his pecuniary interest. According to InvestingPro analysis, ACEL appears undervalued, with analyst price targets ranging from $15 to $16. Track comprehensive insider trading patterns and access detailed financial analysis through InvestingPro’s exclusive research reports, available for over 1,400 US stocks including ACEL.
In other recent news, Accel Entertainment reported a record revenue of $344 million for the first quarter of 2025, surpassing its forecast. However, the company fell short on earnings per share (EPS), recording $0.17 against a projected $0.24. Despite the EPS miss, the company’s strong revenue performance indicates robust operational results. Accel Entertainment also announced significant corporate governance changes, including the expansion of its Long Term Incentive Plan, increasing the share reserve by 2 million shares. The company’s Board of Directors will now be elected annually following a declassification amendment approved by stockholders. Additionally, Accel Entertainment completed the integration of its Louisiana operations, with early positive indicators noted. In other developments, Kathleen Philips and Kenneth B. Rotman were elected to the Board for one-year terms, and KPMG LLP was ratified as the independent registered public accounting firm for 2025. These updates reflect Accel Entertainment’s ongoing efforts to align its governance and operational strategies with shareholder interests.
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