Greenvale Capital LLP Boosts Stake in Accel Entertainment, Inc. (NYSE:ACEL)

Greenvale Capital LLP raised its position in Accel Entertainment, Inc. (NYSE:ACEL) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,848,302 shares of the company’s stock after buying an additional 398,302 shares during the period. Accel Entertainment accounts for 3.8% of Greenvale Capital LLP’s investment portfolio, making the stock its 13th biggest holding. Greenvale Capital LLP owned 6.98% of Accel Entertainment worth $60,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Accel Entertainment by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock worth $205,000 after purchasing an additional 1,519 shares during the last quarter. Covestor Ltd increased its stake in shares of Accel Entertainment by 31,840.0% during the 1st quarter. Covestor Ltd now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 3,184 shares during the last quarter. AdvisorShares Investments LLC increased its stake in shares of Accel Entertainment by 13.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock worth $311,000 after purchasing an additional 3,720 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $52,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of Accel Entertainment by 4.1% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 123,459 shares of the company’s stock worth $1,268,000 after purchasing an additional 4,815 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Trading Up 0.4 %

Shares of ACEL stock opened at $11.62 on Tuesday. The company has a 50 day moving average of $11.29 and a 200-day moving average of $10.87. The company has a quick ratio of 2.98, a current ratio of 3.05 and a debt-to-equity ratio of 2.57. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.61. The firm has a market cap of $960.28 million, a P/E ratio of 22.78 and a beta of 1.47.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. The company had revenue of $309.41 million during the quarter, compared to analyst estimates of $302.24 million. Sell-side analysts anticipate that Accel Entertainment, Inc. will post 0.75 earnings per share for the current year.

Insider Activity at Accel Entertainment

In related news, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the completion of the transaction, the insider now directly owns 182,804 shares in the company, valued at approximately $1,919,442. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director David W. Ruttenberg sold 3,601 shares of Accel Entertainment stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $10.51, for a total value of $37,846.51. Following the completion of the transaction, the director now directly owns 429,554 shares in the company, valued at approximately $4,514,612.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Derek Harmer sold 5,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $10.50, for a total transaction of $52,500.00. Following the completion of the transaction, the insider now directly owns 182,804 shares of the company’s stock, valued at $1,919,442. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,198 shares of company stock worth $1,297,845. Corporate insiders own 19.17% of the company’s stock.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.