Algert Global LLC Purchases 19,400 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Algert Global LLC boosted its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 12.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 177,640 shares of the company’s stock after purchasing an additional 19,400 shares during the period. Algert Global LLC’s holdings in Accel Entertainment were worth $2,064,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ACEL. State Board of Administration of Florida Retirement System raised its holdings in shares of Accel Entertainment by 64.5% during the 1st 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. Price T Rowe Associates Inc. MD lifted its position in shares of Accel Entertainment by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 117,309 shares of the company’s stock worth $1,384,000 after buying an additional 8,270 shares during the last quarter. Boston Partners bought a new stake in shares of Accel Entertainment during the 1st quarter worth about $555,000. Bank of New York Mellon Corp increased its holdings in shares of Accel Entertainment by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock valued at $2,470,000 after acquiring an additional 17,929 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of 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. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 70,000 shares of Accel Entertainment stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $11.73, for a total value of $821,100.00. Following the transaction, the director now directly owns 277,455 shares of the company’s stock, valued at $3,254,547.15. The trade was a 20.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew H. Rubenstein sold 4,114 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $12.01, for a total value of $49,409.14. Following the completion of the sale, the chief executive officer now directly owns 4,196,285 shares of the company’s stock, valued at $50,397,382.85. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 166,551 shares of company stock worth $1,946,951. 19.17% of the stock is owned by insiders.

Accel Entertainment Stock Down 1.5 %

ACEL opened at $11.60 on Thursday. Accel Entertainment, Inc. has a twelve month low of $9.37 and a twelve month high of $12.61. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. The business has a 50 day moving average price of $11.51 and a 200 day moving average price of $10.89. The firm has a market cap of $955.18 million, a P/E ratio of 22.75 and a beta of 1.47.

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.