State Street Corp Has $14.11 Million Stake in Accel Entertainment, Inc. (NYSE:ACEL)

State Street Corp cut its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,214,609 shares of the company’s stock after selling 25,450 shares during the period. State Street Corp owned approximately 1.48% of Accel Entertainment worth $14,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of 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 during the period. Charles Schwab Investment Management Inc. lifted its position in Accel Entertainment by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock valued at $5,135,000 after purchasing an additional 3,151 shares during the period. AdvisorShares Investments LLC raised its position in shares of Accel Entertainment by 13.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock valued at $311,000 after acquiring an additional 3,720 shares during the last quarter. Quarry LP boosted its holdings in Accel Entertainment by 53.5% during 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 during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Accel Entertainment during the third quarter valued at approximately $64,000. 55.39% of the stock is currently owned by institutional investors.

Insider Transactions at Accel Entertainment

In related news, insider Mark T. Phelan sold 9,577 shares of the company’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 owns 189,788 shares in the company, valued at approximately $2,211,030.20. This represents a 4.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 199,413 shares of the company’s stock, valued at approximately $2,333,132.10. This represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,577 shares of company stock worth $1,915,672 in the last three months. Insiders own 17.90% of the company’s stock.

Accel Entertainment Trading Up 1.9 %

NYSE:ACEL opened at $10.71 on Wednesday. The business’s 50-day simple moving average is $11.48 and its 200-day simple moving average is $11.12. 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 fifty-two week low of $9.37 and a fifty-two week high of $12.96. The stock has a market capitalization of $881.89 million, a PE ratio of 21.00 and a beta of 1.47.

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.