Quest Partners LLC Acquires 12,405 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Quest Partners LLC lifted its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 99.2% during the 3rd quarter, Holdings Channel reports. The firm owned 24,916 shares of the company’s stock after purchasing an additional 12,405 shares during the quarter. Quest Partners LLC’s holdings in Accel Entertainment were worth $290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP boosted its holdings in Accel Entertainment by 268.4% in 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 in the last quarter. Creative Planning bought a new position in Accel Entertainment in the third quarter worth approximately $144,000. Principal Financial Group Inc. boosted its holdings in Accel Entertainment by 8.2% in the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock worth $205,000 after acquiring an additional 1,519 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings 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 worth $299,000 after acquiring an additional 9,947 shares in the last quarter. Finally, Seizert Capital Partners LLC boosted its holdings in Accel Entertainment by 50.5% in the third quarter. Seizert Capital Partners LLC now owns 26,092 shares of the company’s stock worth $303,000 after acquiring an additional 8,756 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Stock Up 0.6 %

Shares of NYSE:ACEL opened at $11.71 on Tuesday. The business’s 50 day simple moving average is $11.51 and its two-hundred day simple moving average is $10.88. The firm has a market cap of $964.20 million, a P/E ratio of 22.96 and a beta of 1.47. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61.

Insider Transactions at Accel Entertainment

In related news, CEO Andrew H. Rubenstein sold 4,114 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $12.01, for a total transaction 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 approximately $50,397,382.85. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $11.68, for a total value of $292,000.00. Following the sale, the director now directly owns 398,135 shares of the company’s stock, valued at $4,650,216.80. The trade was a 5.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 166,551 shares of company stock valued at $1,946,951 over the last ninety days. 17.90% of the stock is currently owned by insiders.

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.