SG Americas Securities LLC Boosts Stock Position in Accel Entertainment, Inc. (NYSE:ACEL)

SG Americas Securities LLC grew its stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,525 shares of the company’s stock after acquiring an additional 10,194 shares during the period. SG Americas Securities LLC’s holdings in Accel Entertainment were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in shares of Accel Entertainment during the third quarter worth $64,000. Quantbot Technologies LP purchased a new stake in shares of Accel Entertainment during the third quarter worth $78,000. Creative Planning purchased a new stake in shares of Accel Entertainment in the third quarter worth $144,000. EP Wealth Advisors LLC purchased a new stake in shares of Accel Entertainment in the third quarter worth $146,000. Finally, Quarry LP raised its position in shares of Accel Entertainment by 53.5% in the third quarter. Quarry LP now owns 13,265 shares of the company’s stock worth $154,000 after buying an additional 4,623 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Insider Buying and Selling

In related news, insider Derek Harmer sold 10,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.70, for a total value of $117,000.00. Following the transaction, the insider now owns 199,413 shares of the company’s stock, valued at $2,333,132.10. This represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark T. Phelan sold 9,577 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total value of $111,572.05. Following the transaction, the insider now directly owns 189,788 shares in the company, valued at $2,211,030.20. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,577 shares of company stock worth $1,891,172. Corporate insiders own 19.17% of the company’s stock.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.26 on Monday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.96. The company has a market capitalization of $927.15 million, a PE ratio of 22.08 and a beta of 1.46. The business’s fifty day moving average is $11.12 and its 200 day moving average is $11.25.

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.