Point72 Asset Management L.P. Invests $64,000 in Accel Entertainment, Inc. (NYSE:ACEL)

Point72 Asset Management L.P. acquired a new stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) during the third quarter, according to its most recent filing with the SEC. The fund acquired 5,495 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors bought a new stake in shares of Accel Entertainment during the third quarter valued at about $1,953,000. Greenvale Capital LLP grew its stake in Accel Entertainment by 7.3% during the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after acquiring an additional 398,302 shares in the last quarter. American Century Companies Inc. grew its stake in Accel Entertainment by 1.1% during the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after acquiring an additional 36,316 shares in the last quarter. SG Americas Securities LLC bought a new stake in Accel Entertainment during the 3rd quarter worth approximately $341,000. Finally, Creative Planning purchased a new stake in Accel Entertainment in the 3rd quarter worth approximately $144,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 70,000 shares of Accel Entertainment stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $11.73, for a total transaction of $821,100.00. Following the completion of the sale, the director now directly owns 277,455 shares in the company, valued at $3,254,547.15. The trade was a 20.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Derek Harmer sold 10,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.64, for a total transaction of $116,400.00. Following the completion of the transaction, the insider now directly owns 184,626 shares in the company, valued at $2,149,046.64. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 176,128 shares of company stock valued at $2,058,523. Company insiders own 19.17% of the company’s stock.

Accel Entertainment Stock Down 0.4 %

ACEL opened at $11.77 on Friday. The firm has a market capitalization of $969.18 million, a P/E ratio of 23.08 and a beta of 1.46. Accel Entertainment, Inc. has a one year low of $9.37 and a one year high of $12.96. The company has a fifty day moving average price of $11.56 and a 200-day moving average price of $11.06. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

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.