Wardinski's $578K buy is a meaningful insider vote of confidence post-strong Q1 earnings, but Rubenstein's concurrent $258K sale creates mixed signals. The buy is small relative to market cap (0.06%) but notable as a director's first open-market purchase in the cluster window. Monitor for additional insider buying or selling in the next 2 weeks to gauge conviction.
Price Chart
Executive Summary
Director Bruce Wardinski made a $578K open-market purchase of ACEL stock at $11.55, while Director Gordon Rubenstein sold $258K worth in two transactions. The cluster follows a record Q1 earnings report (revenue +9% YoY to $352M, adjusted EBITDA +9% to $54M), and the buy is a bullish signal from an insider, but the sell side tempers the read.
Key Financial Metrics
Key Facts
- Director Bruce Wardinski purchased 50,000 shares at $11.55 for $577,500 on 2026-05-11.
- Director Gordon Rubenstein sold 22,674 shares total ($258K) on 2026-05-07 and 2026-05-08.
- Q1 2026 revenue was $352M (+9% YoY), net income flat at $15M, adjusted EBITDA +9% to $54M.
- Company repurchased 1.1M shares for $12M in Q1 2026.
- Net debt of $306M, net leverage ~1.4x, cash $274M.
Financial Impact
Director purchase of $578K represents ~0.06% of market cap; total cluster value $635K is ~0.07% of market cap.
Risk Factors
- Insider selling by a director (Rubenstein) may indicate personal diversification or a less bullish view.
- Net income was flat YoY despite revenue growth, suggesting margin pressure or cost headwinds.
- Illinois locations declined 2.4% YoY, though revenue grew 8.3% via hold-per-day improvement.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ACEL-1778534141315 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 3 | $10.83 | awaiting T+20 | — | $11.28 (+4.16%) |
Oct 6, 2026 19d ago | 3 | $10.94 | awaiting T+20 | — | $11.28 (+3.11%) |
Sep 17, 2026 5w ago | Insider Cluster | $11.27 $10.88 | ▲ +3.46% | ▲ +3.67% | $11.28 (−0.09%) |
Aug 14, 2026 10w ago | Institutional Cluster | $12.19 $11.55 | ▼ −5.25% | ▼ −3.27% | $11.28 (−7.47%) |
Jun 15, 2026 18w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | $11.28 (−13.76%) |
Jun 15, 2026 18w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | $11.28 (−13.76%) |
May 11, 2026 24w ago | Insider Cluster | $11.47 $13.16 | ▲ +14.73% | ▲ +16.46% | $11.28 (−1.66%) |
May 8, 2026 24w ago | Insider Cluster | $11.63 $12.06 | ▲ +3.70% | ▲ +3.67% | $11.28 (−3.01%) |
Mar 19, 2026 31w ago | DEFA14A | $10.92 $11.81 | ▲ +8.15% | ▼ −1.17% | $11.28 (+3.30%) |
Mar 16, 2026 31w ago | Insider Cluster | $11.05 $11.79 | ▲ +6.70% | ▲ +2.35% | $11.28 (+2.08%) |
US Market Status
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