Aristides Capital LLC Makes New $271,000 Investment in Accel Entertainment, Inc. (NYSE:ACEL)

Aristides Capital LLC acquired a new position in Accel Entertainment, Inc. (NYSE:ACEL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,383 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACEL. Greenvale Capital LLP increased its position in Accel Entertainment by 7.3% during the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after buying an additional 398,302 shares in the last quarter. American Century Companies Inc. increased its holdings 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 acquiring an additional 36,316 shares in the last quarter. Sei Investments Co. raised its position in shares of Accel Entertainment by 2.1% in the 2nd quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock valued at $4,046,000 after purchasing an additional 8,138 shares during the last quarter. Mill Road Capital Management LLC raised its position in shares of Accel Entertainment by 282.9% in the 4th quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock valued at $3,086,000 after purchasing an additional 222,005 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Accel Entertainment by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock worth $2,470,000 after purchasing an additional 17,929 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Insider Transactions at Accel Entertainment

In related news, CEO Andrew H. Rubenstein sold 25,681 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 4,226,509 shares in the company, valued at approximately $51,647,939.98. The sale was disclosed in a filing with the SEC, which is available through this link. In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 25,681 shares of the company’s 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 sale, the chief executive officer now directly owns 4,226,509 shares of the company’s stock, valued at $51,647,939.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew H. Rubenstein sold 4,114 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $12.01, for a total value of $49,409.14. Following the sale, the chief executive officer now directly owns 4,196,285 shares in the company, valued at $50,397,382.85. The disclosure for this sale can be found here. Insiders sold a total of 113,198 shares of company stock worth $1,297,845 over the last three months. 19.17% of the stock is currently owned by insiders.

Accel Entertainment Trading Up 0.4 %

Shares of Accel Entertainment stock opened at $11.62 on Tuesday. The firm’s 50 day simple moving average is $11.29 and its two-hundred day simple moving average is $10.87. The firm has a market capitalization of $960.28 million, a price-to-earnings ratio of 22.78 and a beta of 1.47. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.61. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57.

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, topping analysts’ consensus estimates of $0.19 by $0.03. Accel Entertainment had a return on equity of 36.19% and a net margin of 4.05%. The company had revenue of $309.41 million during the quarter, compared to analyst estimates of $302.24 million. Analysts predict that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

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.