Accel Entertainment (NYSE:ACEL) Stock Price Up 0.7% - What's Next?

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report)'s stock price rose 0.7% during mid-day trading on Monday . The stock traded as high as $12.26 and last traded at $12.25. Approximately 184,965 shares were traded during trading, a decline of 36% from the average daily volume of 288,633 shares. The stock had previously closed at $12.16.

Analysts Set New Price Targets

Several research firms have weighed in on ACEL. Macquarie reissued an "outperform" rating and issued a $16.00 price objective on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities boosted their target price on Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st.

Accel Entertainment Stock Performance

The company has a 50-day moving average of $11.62 and a 200 day moving average of $11.11. The company has a quick ratio of 2.35, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $1.03 billion, a PE ratio of 24.86 and a beta of 1.23.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 5,000 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the completion of the transaction, the insider owned 202,880 shares of the company's stock, valued at $2,333,120. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gordon Rubenstein sold 29,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $11.24, for a total value of $325,960.00. Following the completion of the transaction, the director directly owned 14,117 shares of the company's stock, valued at approximately $158,675.08. This trade represents a 67.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,674 shares of company stock worth $1,649,158. 18.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Accel Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACEL. Hohimer Wealth Management LLC increased its holdings in Accel Entertainment by 5.4% during the 1st quarter. Hohimer Wealth Management LLC now owns 18,699 shares of the company's stock worth $185,000 after purchasing an additional 961 shares during the period. Covestor Ltd increased its holdings in Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock worth $46,000 after purchasing an additional 1,051 shares during the period. MetLife Investment Management LLC increased its holdings in Accel Entertainment by 4.7% during the 1st quarter. MetLife Investment Management LLC now owns 31,104 shares of the company's stock worth $309,000 after purchasing an additional 1,389 shares during the period. Swiss National Bank increased its holdings in Accel Entertainment by 1.7% during the 1st quarter. Swiss National Bank now owns 99,800 shares of the company's stock worth $990,000 after purchasing an additional 1,700 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in shares of Accel Entertainment by 21.0% in the 4th quarter. EP Wealth Advisors LLC now owns 15,186 shares of the company's stock valued at $162,000 after acquiring an additional 2,640 shares during the period. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

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.