Cornercap Investment Counsel Inc. Trims Position in Accel Entertainment, Inc. (NYSE:ACEL)

Cornercap Investment Counsel Inc. reduced its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 50.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,083 shares of the company’s stock after selling 45,649 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Accel Entertainment were worth $512,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in shares of Accel Entertainment by 31,840.0% in the first quarter. Covestor Ltd now owns 3,194 shares of the company’s stock valued at $38,000 after purchasing an additional 3,184 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Accel Entertainment in the first quarter valued at approximately $52,000. Quarry LP grew its position in shares of Accel Entertainment by 268.4% in 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. Creative Planning acquired a new stake in shares of Accel Entertainment in the third quarter valued at approximately $144,000. Finally, Principal Financial Group Inc. grew its position in shares of 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 during the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.68, for a total value of $292,000.00. Following the transaction, the director now owns 398,135 shares of the company’s stock, valued at approximately $4,650,216.80. This trade represents a 5.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew H. Rubenstein sold 7,437 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $12.04, for a total transaction of $89,541.48. Following the completion of the transaction, the chief executive officer now directly owns 4,180,399 shares in the company, valued at approximately $50,332,003.96. This represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,551 shares of company stock worth $1,658,201. 19.17% of the stock is owned by insiders.

Accel Entertainment Stock Down 1.9 %

ACEL stock opened at $11.55 on Friday. The company’s 50 day simple moving average is $11.50 and its 200-day simple moving average is $10.86. The firm has a market capitalization of $951.03 million, a PE ratio of 22.65 and a beta of 1.47. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. 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 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.