Los Angeles Capital Management LLC Cuts Stake in Accel Entertainment, Inc. (NYSE:ACEL)

Los Angeles Capital Management LLC reduced its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 12.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,225 shares of the company’s stock after selling 3,500 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Accel Entertainment were worth $281,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ACEL. Covestor Ltd boosted its position in shares of Accel Entertainment by 31,840.0% during the first quarter. Covestor Ltd now owns 3,194 shares of the company’s stock valued at $38,000 after buying an additional 3,184 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Accel Entertainment during the 1st quarter valued at about $52,000. Quarry LP boosted its holdings in shares of Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after acquiring an additional 6,296 shares during the last quarter. Creative Planning bought a new stake in shares of Accel Entertainment in the third quarter worth approximately $144,000. Finally, Principal Financial Group Inc. lifted its position in 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 purchasing an additional 1,519 shares during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Trading Down 0.8 %

NYSE:ACEL opened at $11.46 on Tuesday. The company has a market cap of $943.24 million, a PE ratio of 22.46 and a beta of 1.47. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The company has a 50 day simple moving average of $11.51 and a two-hundred day simple moving average of $10.86. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 10,000 shares of the company’s stock in a transaction 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 $2,149,046.64. This represents a 5.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David W. Ruttenberg sold 70,000 shares of Accel Entertainment stock in a transaction on Friday, November 8th. The shares were sold at an average price of $11.73, for a total value of $821,100.00. Following the transaction, the director now owns 277,455 shares in the company, valued at $3,254,547.15. This trade represents a 20.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 141,551 shares of company stock worth $1,658,201 in the last ninety days. Insiders own 19.17% of the company’s stock.

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.