5 Best Small-Cap Casino Stocks Hedge Funds Are Buying

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In this piece, we will take a look at 5 of the best small-cap casino stocks hedge funds are buying. If you want to go over an introduction to the casino and gambling industry, then take a look at the 10 Best Small-Cap Casino Stocks Hedge Funds Are Buying.

5. Accel Entertainment, Inc. (NYSE:ACEL)

Market Capitalization as of October 4: $921.23 million

Number of Hedge Fund Holders: 17

Accel Entertainment, Inc. (NYSE:ACEL) operates as a distributed gaming operator, specializing in the installation, maintenance, and operation of gaming terminals and redemption devices that dispense winnings, including those with automated teller machine (ATM) features. Furthermore, Accel Entertainment, Inc. (NYSE:ACEL) oversees various other amusement devices within authorized non-casino establishments.

Accel Entertainment, Inc. (NYSE:ACEL) reported earnings of $0.24 per share, surpassing estimates by 50.00% compared to the projected $0.16 per share. This also represents an increase in earnings from the same period last year when the company reported $0.24 per share. Additionally, Accel Entertainment, Inc. (NYSE:ACEL) posted optimistic revenues of $292.6 million, reflecting a 28.43% growth from the previous year and exceeding consensus estimates by 5.44%, which were set at $277.5 million.

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Darlington Partners Capital is a leading shareholder in Accel Entertainment, Inc. (NYSE:ACEL), with 8.09 million shares worth more than $85.5 million.

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