Derek Harmer, serving as the Chief Compliance Officer for Accel Entertainment, Inc. (NASDAQ:ACEL), has executed a significant transaction involving the company's equity. On June 15, 2026, Harmer sold 20,000 shares of Accel Entertainment's Class A-1 Common Stock. The total value of this transaction reached $260,000, with the shares being sold at a specific price point of $13.0 each. This sale activity is notable as it occurs while the company's stock is trading near $13.13, a level that represents a gain of nearly 9% for the stock over the preceding week.
According to analysis provided by InvestingPro, ACEL appears to be undervalued at its current trading levels. The analysis assigns the company a "GREAT" financial health score and notes that it has achieved a perfect Piotroski Score of 9, which is a quantitative framework used to assess financial strength.
Following the execution of this sale, Mr. Harmer's direct holdings in Accel Entertainment Class A-1 Common Stock stand at 187,827 shares. The transaction was carried out under the framework of a Rule 10b5-1 trading plan. Mr. Harmer originally adopted this plan on December 13, 2024. At the time of the plan's adoption, Mr. Harmer formally represented to his broker that he was not in possession of any material nonpublic information regarding the issuer or its securities, a standard requirement for the use of such pre-arranged trading plans.
In the broader context of recent corporate developments, Accel Entertainment reported its first quarter of 2026 earnings, revealing a mixed financial performance profile. The company posted earnings per share of $0.17. This figure fell short of analyst expectations, which were set at $0.20, representing a miss of 15%. Conversely, Accel's revenue performance was stronger, reaching a record high of $352 million. This revenue figure surpassed forecasts by 3%.
Strategic expansion efforts were also highlighted in recent announcements. Accel Entertainment announced the acquisition of the Rice Palace Truck Stop Casino located in Crowley, Louisiana, through its subsidiary Toucan Gaming LLC. This acquisition is set to add 50 video gaming devices to the company's operations, with plans to expand the capacity to 60 devices. Additionally, Accel Entertainment elected six directors to its Board of Directors. Among these appointments is new independent director Bruce D. Wardinski. Wardinski, identified as a hospitality veteran, will serve on the Board’s Compensation Committee and the Nominating and Corporate Governance Committee.
These recent developments, including the executive stock sale, earnings report, strategic acquisition, and board appointments, collectively reflect Accel Entertainment’s ongoing strategic initiatives and growth efforts within the gaming and hospitality sectors.