SG Americas Securities LLC Invests $341,000 in Accel Entertainment, Inc. (NYSE:ACEL)

SG Americas Securities LLC acquired a new position in Accel Entertainment, Inc. (NYSE:ACEL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,331 shares of the company’s stock, valued at approximately $341,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its stake in shares of Accel Entertainment by 31,840.0% in the first quarter. Covestor Ltd now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 3,184 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Accel Entertainment during the first quarter valued at $52,000. Quarry LP grew its stake in Accel Entertainment by 268.4% during the second quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after acquiring an additional 6,296 shares in the last quarter. Principal Financial Group Inc. grew its stake in Accel Entertainment by 8.2% during the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock valued at $205,000 after acquiring an additional 1,519 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in Accel Entertainment during the first quarter valued at $245,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 25,681 shares of Accel Entertainment stock in a transaction on 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 transaction, the chief executive officer now directly owns 4,226,509 shares of the company’s stock, valued at $51,647,939.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 4,114 shares of Accel Entertainment stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $12.01, for a total value of $49,409.14. Following the completion of the transaction, the chief executive officer now directly owns 4,196,285 shares of the company’s stock, valued at $50,397,382.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew H. Rubenstein sold 25,681 shares of Accel Entertainment 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 completion of the transaction, the chief executive officer now directly owns 4,226,509 shares of the company’s stock, valued at $51,647,939.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,657 shares of company stock valued at $1,392,793. Corporate insiders own 19.17% of the company’s stock.

Accel Entertainment Stock Performance

ACEL opened at $11.34 on Friday. The stock has a market capitalization of $949.68 million, a price-to-earnings ratio of 22.24 and a beta of 1.47. The company has a fifty day moving average of $11.46 and a 200 day moving average of $10.86. Accel Entertainment, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.61. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.98 and a current ratio of 3.05.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $309.41 million during the quarter, compared to analysts’ expectations 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 forecast that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Accel Entertainment 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.