Arkadios Wealth Advisors Sells 57,905 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Arkadios Wealth Advisors trimmed its holdings in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 34.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ACEL. Greenvale Capital LLP raised its holdings in shares of Accel Entertainment by 7.3% during the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company's stock worth $60,004,000 after acquiring an additional 398,302 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Accel Entertainment by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company's stock worth $5,135,000 after purchasing an additional 3,151 shares in the last quarter. Sei Investments Co. raised its stake in shares of Accel Entertainment by 2.1% in the 2nd quarter. Sei Investments Co. now owns 394,385 shares of the company's stock valued at $4,046,000 after purchasing an additional 8,138 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Accel Entertainment by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock valued at $3,304,000 after purchasing an additional 3,355 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company's stock worth $2,606,000 after buying an additional 57,666 shares during the period. 55.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Accel Entertainment news, insider Derek Harmer sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.70, for a total value of $117,000.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the transaction, the director now directly owns 360,635 shares in the company, valued at $4,147,302.50. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,577 shares of company stock valued at $1,625,922 in the last quarter. 17.90% of the stock is currently owned by insiders.

Accel Entertainment Stock Up 0.8 %

Shares of NYSE:ACEL traded up $0.09 during mid-day trading on Monday, reaching $10.72. 163,065 shares of the stock were exchanged, compared to its average volume of 174,303. The stock's 50 day simple moving average is $11.19 and its 200-day simple moving average is $11.19. 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 $882.27 million, a P/E ratio of 21.01 and a beta of 1.46. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54.

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.