SG Americas Securities LLC Raises Position in Accel Entertainment, Inc. (NYSE:ACEL)

SG Americas Securities LLC boosted its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 34.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,525 shares of the company’s stock after buying an additional 10,194 shares during the quarter. SG Americas Securities LLC’s holdings in Accel Entertainment were worth $422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ACEL. JPMorgan Chase & Co. lifted its holdings in shares of Accel Entertainment by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after purchasing an additional 3,355 shares during the last quarter. Hohimer Wealth Management LLC purchased a new position in shares of Accel Entertainment during the third quarter valued at approximately $193,000. Barclays PLC lifted its holdings in shares of Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after purchasing an additional 57,666 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Accel Entertainment during the third quarter valued at approximately $146,000. Finally, Quarry LP lifted its holdings in shares of Accel Entertainment by 53.5% during the third quarter. Quarry LP now owns 13,265 shares of the company’s stock valued at $154,000 after purchasing an additional 4,623 shares during the last quarter. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total transaction of $265,250.00. Following the transaction, the director now owns 348,135 shares in the company, valued at approximately $3,693,712.35. The trade was a 6.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.70, for a total transaction of $117,000.00. Following the transaction, the insider now owns 199,413 shares in the company, valued at approximately $2,333,132.10. This trade represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,577 shares of company stock valued at $1,891,172. Company insiders own 19.17% of the company’s stock.

Accel Entertainment Price Performance

Shares of ACEL opened at $11.26 on Monday. The company has a market capitalization of $927.15 million, a P/E ratio of 22.08 and a beta of 1.46. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The firm has a 50 day moving average of $11.12 and a 200 day moving average of $11.25. Accel Entertainment, Inc. has a twelve month low of $9.37 and a twelve month high of $12.96.

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.