Greenvale Capital LLP Purchases 398,302 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Greenvale Capital LLP boosted its position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,848,302 shares of the company's stock after acquiring an additional 398,302 shares during the period. Accel Entertainment accounts for about 3.8% of Greenvale Capital LLP's investment portfolio, making the stock its 13th largest position. Greenvale Capital LLP owned about 6.98% of Accel Entertainment worth $60,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACEL. Covestor Ltd grew its holdings in Accel Entertainment by 31,840.0% during the 1st quarter. Covestor Ltd now owns 3,194 shares of the company's stock valued at $38,000 after buying an additional 3,184 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Accel Entertainment during the 1st quarter valued at approximately $52,000. Quarry LP grew its holdings in 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 in the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Accel Entertainment during the 1st quarter valued at approximately $169,000. Finally, Principal Financial Group Inc. grew its holdings in Accel Entertainment by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,938 shares of the company's stock valued at $205,000 after buying an additional 1,519 shares in the last quarter. Institutional investors own 55.39% of the company's stock.

Insider Activity at Accel Entertainment

In related news, CEO Andrew H. Rubenstein sold 25,681 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $12.22, for a total value of $313,821.82. Following the completion of the transaction, the chief executive officer now directly owns 4,226,509 shares of the company's stock, valued at $51,647,939.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.68, for a total transaction of $292,000.00. Following the completion of the transaction, the director now directly owns 398,135 shares of the company's stock, valued at $4,650,216.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew H. Rubenstein sold 25,681 shares of Accel Entertainment stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $12.22, for a total transaction of $313,821.82. Following the transaction, the chief executive officer now directly owns 4,226,509 shares of the company's stock, valued at $51,647,939.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,198 shares of company stock valued at $1,297,845. 19.17% of the stock is owned by corporate insiders.

Accel Entertainment Price Performance

ACEL traded down $0.10 during trading on Tuesday, reaching $11.52. 144,367 shares of the company traded hands, compared to its average volume of 255,911. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.98 and a current ratio of 3.05. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.61. The firm has a fifty day simple moving average of $11.29 and a 200 day simple moving average of $10.87. The company has a market cap of $952.01 million, a P/E ratio of 22.63 and a beta of 1.47.

Accel Entertainment (NYSE:ACEL - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. The firm had revenue of $309.41 million during the quarter, compared to analyst estimates of $302.24 million. On average, equities analysts forecast that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

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.