8,520 Shares in Accel Entertainment, Inc. (NYSE:ACEL) Purchased by R Squared Ltd

R Squared Ltd bought a new stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,520 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in shares of Accel Entertainment during the third quarter worth approximately $64,000. Quantbot Technologies LP purchased a new stake in shares of Accel Entertainment during the third quarter worth $78,000. Quarry LP raised its position in shares of Accel Entertainment by 268.4% in the second 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 purchased a new position in shares of Accel Entertainment in the third quarter worth about $144,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Accel Entertainment in the third quarter worth about $146,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Accel Entertainment Stock Down 0.5 %

ACEL stock opened at $11.28 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The firm has a 50-day moving average of $11.13 and a two-hundred day moving average of $11.24. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.96. The company has a market cap of $928.42 million, a price-to-earnings ratio of 22.11 and a beta of 1.46.

Insider Activity

In related news, insider Mark T. Phelan sold 9,577 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total transaction of $111,572.05. Following the completion of the sale, the insider now directly owns 189,788 shares in the company, valued at approximately $2,211,030.20. This trade represents a 4.80 % 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 Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.70, for a total transaction of $117,000.00. Following the transaction, the insider now directly owns 199,413 shares in the company, valued at $2,333,132.10. This trade represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,577 shares of company stock worth $1,891,172 over the last ninety days. Corporate insiders own 19.17% of the company’s stock.

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.