Accel Entertainment, Inc. (NYSE:ACEL) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors lessened its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,196 shares of the company’s stock after selling 57,905 shares during the period. Arkadios Wealth Advisors owned about 0.13% of Accel Entertainment worth $1,177,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in Accel Entertainment during the third quarter worth $64,000. Quantbot Technologies LP acquired a new position in shares of Accel Entertainment in the 3rd quarter valued at about $78,000. Quarry LP grew its position in shares of Accel Entertainment by 268.4% during 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 acquired a new stake in Accel Entertainment during the third quarter worth about $144,000. Finally, EP Wealth Advisors LLC bought a new position in Accel Entertainment in the third quarter worth about $146,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the director now directly owns 360,635 shares of the company’s stock, valued at $4,147,302.50. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark T. Phelan sold 9,577 shares of the firm’s stock in a transaction that occurred on 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 owns 189,788 shares in the company, valued at $2,211,030.20. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,577 shares of company stock worth $1,625,922 in the last 90 days. 17.90% of the stock is currently owned by company insiders.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $10.72 on Monday. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The business has a 50 day moving average of $11.22 and a two-hundred day moving average of $11.18. The company has a market cap of $882.27 million, a P/E ratio of 21.01 and a beta of 1.46. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.96.

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.