Accel Entertainment, Inc. (NYSE:ACEL) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,101,745 shares of the company's stock after buying an additional 210,862 shares during the quarter. Vanguard Group Inc. owned about 3.66% of Accel Entertainment worth $33,964,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Accel Entertainment by 1.8% during the first quarter. Rhumbline Advisers now owns 74,270 shares of the company's stock worth $677,000 after buying an additional 1,299 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Accel Entertainment by 8.1% during the 2nd quarter. Hsbc Holdings PLC now owns 17,568 shares of the company's stock valued at $186,000 after acquiring an additional 1,314 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Accel Entertainment by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 407,345 shares of the company's stock valued at $3,711,000 after acquiring an additional 1,398 shares during the last quarter. Sei Investments Co. boosted its position in shares of Accel Entertainment by 0.3% during the 1st quarter. Sei Investments Co. now owns 516,656 shares of the company's stock valued at $4,707,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in shares of Accel Entertainment by 7.0% during the 1st quarter. Engineers Gate Manager LP now owns 23,398 shares of the company's stock valued at $285,000 after acquiring an additional 1,527 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company's stock.

Accel Entertainment Trading Down 1.8 %

NYSE ACEL traded down $0.21 during trading hours on Friday, reaching $11.02. The company had a trading volume of 221,395 shares, compared to its average volume of 258,513. The stock has a 50-day moving average of $11.10 and a 200 day moving average of $10.57. Accel Entertainment, Inc. has a 1-year low of $8.28 and a 1-year high of $12.05. The company has a current ratio of 2.85, a quick ratio of 2.78 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $923.06 million, a P/E ratio of 20.78 and a beta of 1.40.

Accel Entertainment (NYSE:ACEL - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. The company had revenue of $297.07 million for the quarter, compared to analysts' expectations of $286.32 million. As a group, research analysts anticipate that Accel Entertainment, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director Karl Mr. Peterson sold 16,707 shares of the company's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $12.00, for a total value of $200,484.00. Following the transaction, the director now owns 2,478,938 shares of the company's stock, valued at $29,747,256. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Accel Entertainment news, Director Karl Mr. Peterson sold 16,707 shares of the business's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $12.00, for a total transaction of $200,484.00. Following the sale, the director now directly owns 2,478,938 shares in the company, valued at $29,747,256. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $11.34, for a total transaction of $283,500.00. Following the sale, the director now owns 454,045 shares in the company, valued at $5,148,870.30. The disclosure for this sale can be found here. Insiders have sold 137,874 shares of company stock valued at $1,525,239 over the last 90 days. 19.17% of the stock is owned by insiders.

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.