Accel Entertainment, Inc. (NYSE:ACEL – Get Free Report) saw an uptick in trading volume on Wednesday . 55,451 shares changed hands during trading, a decline of 79% from the previous session’s volume of 258,262 shares.The stock last traded at $11.94 and had previously closed at $11.98.
Accel Entertainment Trading Down 1.2 %
The firm has a market capitalization of $978.46 million, a P/E ratio of 23.49 and a beta of 1.47. The stock has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $10.84. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57.
Accel Entertainment (NYSE:ACEL – Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. The company had revenue of $309.41 million for the quarter, compared to analysts’ expectations of $302.24 million. On average, equities research analysts anticipate that Accel Entertainment, Inc. will post 0.75 earnings per share for the current year.
Insider Buying and Selling
Institutional Trading of Accel Entertainment
A number of institutional investors have recently made changes to their positions in ACEL. Aristides Capital LLC purchased a new position in shares of Accel Entertainment in the 2nd quarter valued at approximately $271,000. Greenvale Capital LLP increased its stake in Accel Entertainment by 7.3% during the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after purchasing an additional 398,302 shares in the last quarter. Quarry LP raised its holdings in shares of Accel Entertainment by 268.4% in the second quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after buying an additional 6,296 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Accel Entertainment by 2.1% during the second quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock worth $4,046,000 after buying an additional 8,138 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Accel Entertainment by 40.7% during the second quarter. Hsbc Holdings PLC now owns 47,204 shares of the company’s stock valued at $485,000 after buying an additional 13,663 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.
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.
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