State Street Corp Has $14.11 Million Stake in Accel Entertainment, Inc. (NYSE:ACEL)

State Street Corp decreased its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,214,609 shares of the company’s stock after selling 25,450 shares during the quarter. State Street Corp’s holdings in Accel Entertainment were worth $14,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in shares of Accel Entertainment in the third quarter worth approximately $64,000. Quantbot Technologies LP bought a new stake in Accel Entertainment during the third quarter worth $78,000. Quarry LP raised its position in Accel Entertainment by 268.4% in the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after buying an additional 6,296 shares during the last quarter. Creative Planning bought a new position in Accel Entertainment during the 3rd quarter valued at $144,000. Finally, Principal Financial Group Inc. lifted its stake 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 acquiring an additional 1,519 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accel Entertainment

In related news, Director David W. Ruttenberg sold 70,000 shares of the company’s 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 owns 277,455 shares in the company, valued at approximately $3,254,547.15. This represents a 20.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark T. Phelan sold 9,577 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.65, for a total value of $111,572.05. Following the transaction, the insider now owns 189,788 shares of the company’s stock, valued at approximately $2,211,030.20. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,577 shares of company stock worth $1,915,672. Insiders own 17.90% of the company’s stock.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $10.71 on Wednesday. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The firm has a 50-day moving average of $11.48 and a 200-day moving average of $11.12. Accel Entertainment, Inc. has a one year low of $9.37 and a one year high of $12.96. The company has a market cap of $881.89 million, a P/E ratio of 21.00 and a beta of 1.47.

About Accel Entertainment

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.