Arkadios Wealth Advisors Makes New Investment in Accel Entertainment, Inc. (NYSE:ACEL)

Arkadios Wealth Advisors purchased a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 168,101 shares of the company's stock, valued at approximately $1,953,000. Arkadios Wealth Advisors owned approximately 0.20% of Accel Entertainment at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. lifted 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 worth $205,000 after buying an additional 1,519 shares during the last quarter. Covestor Ltd lifted its stake 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 purchasing an additional 3,184 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in Accel Entertainment by 13.5% in the second quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company's stock worth $311,000 after purchasing an additional 3,720 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Accel Entertainment during the first quarter valued at $52,000. Finally, Quarry LP increased its stake in Accel Entertainment by 268.4% during the second quarter. Quarry LP now owns 8,642 shares of the company's stock valued at $89,000 after purchasing an additional 6,296 shares during the last quarter. Institutional investors own 55.39% of the company's stock.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 10,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.64, for a total value of $116,400.00. Following the sale, the insider now directly owns 184,626 shares in the company, valued at approximately $2,149,046.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 385,635 shares in the company, valued at approximately $4,469,509.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Derek Harmer sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 184,626 shares of the company's stock, valued at $2,149,046.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,732 shares of company stock worth $1,288,422 in the last 90 days. 19.17% of the stock is currently owned by company insiders.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock traded up $0.06 during trading hours on Friday, reaching $11.20. The company's stock had a trading volume of 137,768 shares, compared to its average volume of 244,020. 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 one year low of $9.37 and a one year high of $12.61. The company's 50 day simple moving average is $11.47 and its 200 day simple moving average is $10.83. The stock has a market cap of $937.96 million, a P/E ratio of 21.96 and a beta of 1.47.

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

Accel Entertainment Company 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.