Semanteon Capital Management LP Buys New Shares in Accel Entertainment, Inc. (NYSE:ACEL)

Semanteon Capital Management LP bought a new stake in Accel Entertainment, Inc. (NYSE:ACEL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,175 shares of the company’s stock, valued at approximately $104,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Accel Entertainment by 36.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,775 shares of the company’s stock valued at $152,000 after purchasing an additional 3,917 shares during the period. SG Americas Securities LLC purchased a new stake in Accel Entertainment during the fourth quarter worth approximately $141,000. Vanguard Group Inc. grew its stake in Accel Entertainment by 7.3% during the third quarter. Vanguard Group Inc. now owns 3,101,745 shares of the company’s stock worth $33,964,000 after buying an additional 210,862 shares during the period. Trexquant Investment LP grew its stake in Accel Entertainment by 125.3% during the third quarter. Trexquant Investment LP now owns 56,724 shares of the company’s stock worth $621,000 after buying an additional 31,546 shares during the period. Finally, PEAK6 Investments LLC grew its stake in Accel Entertainment by 9.6% during the third quarter. PEAK6 Investments LLC now owns 34,979 shares of the company’s stock worth $383,000 after buying an additional 3,073 shares during the period. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Accel Entertainment Price Performance

ACEL opened at $11.20 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.85 and a debt-to-equity ratio of 2.59. Accel Entertainment, Inc. has a 52-week low of $8.31 and a 52-week high of $12.05. The company has a 50 day moving average of $11.31 and a two-hundred day moving average of $10.60. The company has a market cap of $938.14 million, a P/E ratio of 21.12 and a beta of 1.40.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $286.32 million. On average, analysts expect that Accel Entertainment, Inc. will post 0.75 earnings per share for the current year.

Insider Transactions at Accel Entertainment

In other news, Director Karl Mr. Peterson sold 16,707 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $12.00, for a total transaction of $200,484.00. Following the transaction, the director now directly owns 2,478,938 shares of the company’s stock, valued at $29,747,256. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director David W. Ruttenberg sold 14,292 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $11.01, for a total value of $157,354.92. Following the sale, the director now directly owns 446,914 shares of the company’s stock, valued at $4,920,523.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karl Mr. Peterson sold 16,707 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $12.00, for a total transaction of $200,484.00. Following the completion of the sale, the director now directly owns 2,478,938 shares in the company, valued at $29,747,256. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,999 shares of company stock valued at $1,520,439. Corporate insiders own 19.17% 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.