UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 29,962 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Accel Entertainment, Inc. (NYSE:ACEL) by 34.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 57,025 shares of the company’s stock after selling 29,962 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Accel Entertainment were worth $663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Accel Entertainment in the third quarter valued at about $78,000. Quarry LP increased its holdings in Accel Entertainment by 268.4% in the 2nd 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 stake in Accel Entertainment during the third quarter valued at about $144,000. Principal Financial Group Inc. grew its holdings in Accel Entertainment by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock valued at $205,000 after buying an additional 1,519 shares in the last quarter. Finally, Aristides Capital LLC bought a new position in shares of Accel Entertainment during the 2nd quarter valued at about $271,000. Institutional investors own 55.39% of the company’s stock.

Insiders Place Their Bets

In other Accel Entertainment news, insider Mark T. Phelan sold 9,577 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.65, for a total transaction of $111,572.05. Following the completion of the transaction, the insider now owns 189,788 shares in the company, valued at $2,211,030.20. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David W. Ruttenberg sold 70,000 shares of Accel Entertainment stock in a transaction 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 sale, the director now owns 277,455 shares of the company’s stock, valued at approximately $3,254,547.15. This trade represents a 20.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,577 shares of company stock valued at $1,915,672 over the last ninety days. 19.17% of the stock is owned by insiders.

Accel Entertainment Trading Down 1.7 %

Shares of ACEL opened at $10.55 on Friday. 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 fifty-two week low of $9.37 and a fifty-two week high of $12.96. The company’s fifty day moving average is $11.54 and its 200 day moving average is $11.09. The stock has a market capitalization of $868.72 million, a PE ratio of 20.69 and a beta of 1.46.

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.