Arkadios Wealth Advisors Acquires New Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Arkadios Wealth Advisors purchased a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 168,101 shares of the company’s stock, valued at approximately $1,953,000.

Several other institutional investors also recently modified their holdings of the stock. Greenvale Capital LLP boosted 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 worth $60,004,000 after buying an additional 398,302 shares during the period. Boston Partners acquired a new position in shares of Accel Entertainment during the first quarter worth $555,000. LSV Asset Management acquired a new position in shares of Accel Entertainment during the second quarter worth $405,000. American Century Companies Inc. grew its stake in shares of Accel Entertainment by 1.1% in the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock worth $34,178,000 after purchasing an additional 36,316 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Accel Entertainment in the third quarter valued at $341,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Accel Entertainment

In other news, CEO Andrew H. Rubenstein sold 25,681 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $12.22, for a total transaction of $313,821.82. Following the completion of the sale, the chief executive officer now directly owns 4,226,509 shares in the company, valued at $51,647,939.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Accel Entertainment news, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $11.64, for a total value of $116,400.00. Following the completion of the sale, the insider now directly owns 184,626 shares in the company, valued at approximately $2,149,046.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew H. Rubenstein sold 25,681 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 $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. In the last 90 days, insiders have sold 109,732 shares of company stock worth $1,288,422. Company insiders own 19.17% of the company’s stock.

Accel Entertainment Stock Up 0.5 %

Shares of ACEL opened at $11.20 on Friday. The stock’s 50-day moving average price is $11.47 and its two-hundred day moving average price is $10.83. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. The company has a market capitalization of $937.96 million, a PE ratio of 21.96 and a beta of 1.47. 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 posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.22 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 for the quarter, compared to analyst estimates of $302.24 million. On average, analysts anticipate that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

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.