Cornercap Investment Counsel Inc. Has $512,000 Position in Accel Entertainment, Inc. (NYSE:ACEL)

Cornercap Investment Counsel Inc. decreased its position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 50.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,083 shares of the company's stock after selling 45,649 shares during the period. Cornercap Investment Counsel Inc. owned approximately 0.05% of Accel Entertainment worth $512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACEL. Covestor Ltd grew its position in Accel Entertainment by 31,840.0% during the first quarter. Covestor Ltd now owns 3,194 shares of the company's stock worth $38,000 after buying an additional 3,184 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Accel Entertainment during the 1st quarter valued at $52,000. Quarry LP grew its holdings in shares of Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company's stock worth $89,000 after purchasing an additional 6,296 shares in the last quarter. Creative Planning bought a new position in shares of Accel Entertainment in the third quarter worth $144,000. Finally, Principal Financial Group Inc. raised its stake in Accel Entertainment by 8.2% in the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company's stock valued at $205,000 after purchasing an additional 1,519 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company's stock.

Accel Entertainment Price Performance

ACEL traded down $0.22 on Friday, hitting $11.55. 188,864 shares of the stock were exchanged, compared to its average volume of 205,271. The firm has a market capitalization of $951.03 million, a price-to-earnings ratio of 22.65 and a beta of 1.47. 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, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. The business has a 50-day moving average of $11.50 and a two-hundred day moving average of $10.86.

Insider Activity

In related news, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $11.59, for a total transaction of $289,750.00. Following the completion of the sale, the director now directly owns 385,635 shares in the company, valued at $4,469,509.65. This represents a 6.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.64, for a total value of $116,400.00. Following the completion of the transaction, the insider now owns 184,626 shares in the company, valued at approximately $2,149,046.64. This represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,551 shares of company stock worth $1,658,201. 19.17% of the stock is currently owned by corporate 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.