Accel Entertainment, Inc. (NYSE:ACEL) Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 45.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,725 shares of the company’s stock after selling 23,170 shares during the period. Los Angeles Capital Management LLC’s holdings in Accel Entertainment were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mill Road Capital Management LLC lifted its stake in Accel Entertainment by 282.9% during the fourth quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company’s stock valued at $3,086,000 after buying an additional 222,005 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Accel Entertainment by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock valued at $2,470,000 after buying an additional 17,929 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in Accel Entertainment by 4.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 123,459 shares of the company’s stock valued at $1,268,000 after buying an additional 4,815 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Accel Entertainment by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 117,309 shares of the company’s stock valued at $1,384,000 after buying an additional 8,270 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of Accel Entertainment in the fourth quarter worth approximately $514,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Price Performance

NYSE ACEL opened at $11.65 on Monday. The company has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $10.84. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.05 and a quick ratio of 2.98. The firm has a market capitalization of $962.76 million, a price-to-earnings ratio of 22.84 and a beta of 1.47. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.61.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. The company had revenue of $309.41 million for the quarter, compared to analyst estimates of $302.24 million. Equities research analysts predict that Accel Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Derek Harmer sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the insider now owns 187,804 shares in the company, valued at approximately $1,878,040. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Accel Entertainment news, Director David W. Ruttenberg sold 8,540 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $10.51, for a total transaction of $89,755.40. Following the completion of the transaction, the director now owns 431,354 shares of the company’s stock, valued at approximately $4,533,530.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the insider now directly owns 187,804 shares of the company’s stock, valued at approximately $1,878,040. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,647 shares of company stock worth $800,495. Corporate insiders own 19.17% of the company’s stock.

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.