SG Americas Securities LLC Takes Position in Accel Entertainment, Inc. (NYSE:ACEL)

SG Americas Securities LLC acquired a new stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,749 shares of the company’s stock, valued at approximately $141,000.

Several other hedge funds also recently bought and sold shares of ACEL. Rhumbline Advisers grew its stake in Accel Entertainment by 1.8% in the 1st quarter. Rhumbline Advisers now owns 74,270 shares of the company’s stock worth $677,000 after buying an additional 1,299 shares in the last quarter. Hsbc Holdings PLC grew its stake in Accel Entertainment by 8.1% in the 2nd quarter. Hsbc Holdings PLC now owns 17,568 shares of the company’s stock worth $186,000 after buying an additional 1,314 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Accel Entertainment by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 407,345 shares of the company’s stock worth $3,711,000 after buying an additional 1,398 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Accel Entertainment by 0.3% in the 1st quarter. Sei Investments Co. now owns 516,656 shares of the company’s stock valued at $4,707,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Accel Entertainment by 7.0% in the 1st quarter. Engineers Gate Manager LP now owns 23,398 shares of the company’s stock valued at $285,000 after purchasing an additional 1,527 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Price Performance

Shares of Accel Entertainment stock opened at $11.25 on Wednesday. Accel Entertainment, Inc. has a 52-week low of $8.28 and a 52-week high of $12.05. The stock has a market capitalization of $942.36 million, a price-to-earnings ratio of 21.22 and a beta of 1.40. The company has a fifty day moving average of $11.14 and a 200-day moving average of $10.57. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.78 and a current ratio of 2.85.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. The company had revenue of $297.07 million during the quarter, compared to analysts’ expectations of $286.32 million. Equities research analysts expect that Accel Entertainment, Inc. will post 0.73 EPS for the current year.

Insider Activity at Accel Entertainment

In related news, Director Karl Mr. Peterson sold 30,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the director now directly owns 2,505,645 shares in the company, valued at approximately $27,562,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Karl Mr. Peterson sold 30,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the director now directly owns 2,505,645 shares in the company, valued at approximately $27,562,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $11.34, for a total transaction of $283,500.00. Following the sale, the director now owns 454,045 shares of the company’s stock, valued at $5,148,870.30. The disclosure for this sale can be found here. Insiders sold 121,707 shares of company stock worth $1,363,084 in the last three months. 19.17% of the stock is owned by insiders.

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.