Quest Partners LLC Has $290,000 Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Quest Partners LLC grew its holdings in Accel Entertainment, Inc. (NYSE:ACEL) by 99.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,916 shares of the company’s stock after buying an additional 12,405 shares during the period. Quest Partners LLC’s holdings in Accel Entertainment were worth $290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACEL. Quarry LP lifted its position in Accel Entertainment by 268.4% during the second quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after acquiring an additional 6,296 shares during the last quarter. Creative Planning bought a new position in Accel Entertainment during the 3rd quarter worth $144,000. Principal Financial Group Inc. raised its holdings in Accel Entertainment by 8.2% in the 2nd 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 in the last quarter. Aristides Capital LLC bought a new stake in shares of Accel Entertainment during the 2nd quarter valued at $271,000. Finally, State Board of Administration of Florida Retirement System raised its stake in Accel Entertainment by 64.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,357 shares of the company’s stock valued at $299,000 after purchasing an additional 9,947 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 7,437 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $12.04, for a total value of $89,541.48. Following the sale, the chief executive officer now owns 4,180,399 shares in the company, valued at approximately $50,332,003.96. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.55, for a total value of $288,750.00. Following the completion of the sale, the director now owns 373,135 shares in the company, valued at $4,309,709.25. This trade represents a 6.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 166,551 shares of company stock valued at $1,946,951. Corporate insiders own 17.90% of the company’s stock.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock opened at $11.71 on Tuesday. 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 market cap of $964.20 million, a PE ratio of 22.96 and a beta of 1.47. The company has a 50 day moving average of $11.51 and a 200-day moving average of $10.88. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.61.

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.