HighTower Advisors LLC Sells 10,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

HighTower Advisors LLC decreased its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 451,105 shares of the company’s stock after selling 10,000 shares during the quarter. HighTower Advisors LLC’s holdings in Accel Entertainment were worth $5,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Accel Entertainment by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock valued at $2,470,000 after acquiring an additional 17,929 shares during the period. Principal Financial Group Inc. boosted its holdings in Accel Entertainment by 8.2% in the 2nd 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 period. LSV Asset Management acquired a new stake in Accel Entertainment in the 2nd quarter worth $405,000. AdvisorShares Investments LLC increased its holdings in shares of Accel Entertainment by 13.5% during the 2nd 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. Finally, American Century Companies Inc. raised its position in shares of Accel Entertainment by 1.1% during the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after buying an additional 36,316 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Accel Entertainment Stock Up 0.3 %

ACEL stock opened at $11.95 on Wednesday. Accel Entertainment, Inc. has a twelve month low of $9.37 and a twelve month high of $12.96. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The company has a market cap of $984.00 million, a PE ratio of 23.43 and a beta of 1.46. The business’s 50-day simple moving average is $11.54 and its 200 day simple moving average is $11.03.

Insiders Place Their Bets

In related news, insider Mark T. Phelan sold 9,577 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total value of $111,572.05. Following the completion of the transaction, the insider now owns 189,788 shares of the company’s stock, valued at $2,211,030.20. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew H. Rubenstein sold 4,114 shares of Accel Entertainment stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $12.01, for a total value of $49,409.14. Following the sale, the chief executive officer now directly owns 4,196,285 shares in the company, valued at $50,397,382.85. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 176,128 shares of company stock worth $2,058,523. 19.17% of the stock is currently owned by company 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.