Point72 Asset Management L.P. Makes New Investment in Accel Entertainment, Inc. (NYSE:ACEL)

Point72 Asset Management L.P. bought a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,495 shares of the company’s stock, valued at approximately $64,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in Accel Entertainment by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock worth $2,470,000 after acquiring an additional 17,929 shares during the period. Principal Financial Group Inc. raised its stake in shares of 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 purchasing an additional 1,519 shares during the period. LSV Asset Management purchased a new position in shares of Accel Entertainment in the 2nd quarter worth about $405,000. AdvisorShares Investments LLC grew its position in Accel Entertainment by 13.5% during the second quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock valued at $311,000 after buying an additional 3,720 shares during the period. Finally, American Century Companies Inc. increased its holdings in Accel Entertainment by 1.1% during the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock worth $34,178,000 after buying an additional 36,316 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.77 on Friday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. The firm has a market cap of $969.18 million, a price-to-earnings ratio of 23.08 and a beta of 1.46. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.96. The firm’s 50-day simple moving average is $11.56 and its two-hundred day simple moving average is $11.06.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.68, for a total transaction of $292,000.00. Following the sale, the director now directly owns 398,135 shares of the company’s stock, valued at $4,650,216.80. This represents a 5.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew H. Rubenstein sold 4,114 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $12.01, for a total transaction of $49,409.14. Following the transaction, the chief executive officer now owns 4,196,285 shares of the company’s stock, valued at $50,397,382.85. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,128 shares of company stock worth $2,058,523 in the last quarter. Insiders own 19.17% of the company’s stock.

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.