JPMorgan Chase & Co. Raises Stock Position in Accel Entertainment, Inc. (NYSE:ACEL)

JPMorgan Chase & Co. boosted its position in Accel Entertainment, Inc. (NYSE:ACEL) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,309 shares of the company’s stock after purchasing an additional 3,355 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of Accel Entertainment worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Barclays PLC raised its position in Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after purchasing an additional 57,666 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Accel Entertainment in the third quarter worth about $1,953,000. Greenvale Capital LLP increased its holdings in shares of Accel Entertainment by 7.3% in the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after buying an additional 398,302 shares during the period. SG Americas Securities LLC bought a new stake in shares of Accel Entertainment in the 3rd quarter valued at about $341,000. Finally, Creative Planning purchased a new stake in Accel Entertainment during the 3rd quarter valued at about $144,000. 55.39% of the stock is owned by institutional investors.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 70,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $11.73, for a total transaction of $821,100.00. Following the completion of the transaction, the director now owns 277,455 shares of the company’s stock, valued at approximately $3,254,547.15. This trade represents a 20.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Derek Harmer sold 10,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.70, for a total transaction of $117,000.00. Following the completion of the sale, the insider now owns 199,413 shares in the company, valued at approximately $2,333,132.10. This trade represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,577 shares of company stock worth $1,625,922. Company insiders own 17.90% of the company’s stock.

Accel Entertainment Price Performance

Shares of Accel Entertainment stock opened at $10.72 on Monday. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. Accel Entertainment, Inc. has a one year low of $9.37 and a one year high of $12.96. The business’s 50 day simple moving average is $11.22 and its two-hundred day simple moving average is $11.18. The stock has a market capitalization of $882.27 million, a P/E ratio of 21.01 and a beta of 1.46.

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.