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

Semanteon Capital Management LP bought a new position in Accel Entertainment, Inc. (NYSE:ACEL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,175 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Accel Entertainment by 110.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,858 shares of the company’s stock worth $119,000 after purchasing an additional 5,690 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Accel Entertainment during the fourth quarter worth approximately $141,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Accel Entertainment by 36.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,775 shares of the company’s stock worth $152,000 after purchasing an additional 3,917 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Accel Entertainment during the third quarter worth approximately $292,000. Finally, Teacher Retirement System of Texas raised its position in Accel Entertainment by 9.3% during the third quarter. Teacher Retirement System of Texas now owns 27,401 shares of the company’s stock valued at $300,000 after acquiring an additional 2,323 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Accel Entertainment

In other news, Director Karl Mr. Peterson sold 30,000 shares of Accel Entertainment stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the director now owns 2,505,645 shares of the company’s stock, valued at $27,562,095. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Karl Mr. Peterson sold 30,000 shares of Accel Entertainment stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the director now owns 2,505,645 shares of the company’s stock, valued at $27,562,095. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David W. Ruttenberg sold 20,000 shares of Accel Entertainment stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $10.28, for a total transaction of $205,600.00. Following the completion of the transaction, the director now directly owns 466,545 shares in the company, valued at approximately $4,796,082.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,999 shares of company stock valued at $1,520,439. 19.17% of the stock is currently owned by corporate insiders.

Accel Entertainment Price Performance

Shares of ACEL opened at $11.20 on Friday. The firm has a market cap of $938.14 million, a PE ratio of 21.12 and a beta of 1.40. The firm’s 50 day moving average price is $11.31 and its 200 day moving average price is $10.60. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.78 and a current ratio of 2.85. Accel Entertainment, Inc. has a twelve month low of $8.31 and a twelve month high of $12.05.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $297.07 million for the quarter, compared to analyst estimates of $286.32 million. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. As a group, research analysts expect that Accel Entertainment, Inc. will post 0.75 EPS for the current fiscal year.

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.