Dimensional Fund Advisors LP Sells 6,219 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Dimensional Fund Advisors LP decreased its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 670,485 shares of the company’s stock after selling 6,219 shares during the period. Dimensional Fund Advisors LP owned approximately 0.80% of Accel Entertainment worth $6,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its holdings in Accel Entertainment by 64.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,357 shares of the company’s stock valued at $299,000 after purchasing an additional 9,947 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Accel Entertainment during the first quarter valued at approximately $217,000. American Century Companies Inc. grew its stake in shares of Accel Entertainment by 1.1% during the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after buying an additional 36,316 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Accel Entertainment in the first quarter worth approximately $52,000. Finally, Boston Partners bought a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $555,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Insider Activity at Accel Entertainment

In other news, CEO Andrew H. Rubenstein sold 25,681 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $12.22, for a total transaction of $313,821.82. Following the transaction, the chief executive officer now owns 4,226,509 shares of the company’s stock, valued at approximately $51,647,939.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew H. Rubenstein sold 25,681 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $12.22, for a total value of $313,821.82. Following the completion of the sale, the chief executive officer now owns 4,226,509 shares in the company, valued at approximately $51,647,939.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00. Following the completion of the sale, the insider now directly owns 182,804 shares of the company’s stock, valued at $1,919,442. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,198 shares of company stock worth $1,297,845. Company insiders own 19.17% of the company’s stock.

Accel Entertainment Price Performance

ACEL opened at $11.46 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 3.05 and a debt-to-equity ratio of 2.57. The business has a fifty day moving average of $11.38 and a 200 day moving average of $10.86. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61. The stock has a market cap of $947.05 million, a P/E ratio of 22.47 and a beta of 1.47.

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

About Accel Entertainment

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.