Dimensional Fund Advisors LP Acquires 23,745 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Dimensional Fund Advisors LP boosted its stake in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 690,173 shares of the company's stock after acquiring an additional 23,745 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.84% of Accel Entertainment worth $7,370,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ACEL. JPMorgan Chase & Co. grew its stake in shares of Accel Entertainment by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company's stock worth $5,163,000 after purchasing an additional 199,092 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Accel Entertainment by 27.0% in the fourth quarter. Renaissance Technologies LLC now owns 823,917 shares of the company's stock valued at $8,799,000 after purchasing an additional 175,112 shares in the last quarter. Financial Counselors Inc. bought a new stake in Accel Entertainment in the 4th quarter valued at approximately $1,866,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Accel Entertainment by 300.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock worth $2,342,000 after purchasing an additional 164,560 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Accel Entertainment by 13.1% during the 4th quarter. Invesco Ltd. now owns 731,261 shares of the company's stock worth $7,810,000 after buying an additional 84,891 shares during the last quarter. 55.39% of the stock is owned by institutional investors.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the insider now directly owns 216,575 shares in the company, valued at approximately $2,165,750. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the sale, the director now owns 323,135 shares in the company, valued at $3,557,716.35. This represents a 7.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,000 shares of company stock valued at $686,500. 17.90% of the stock is owned by corporate insiders.

Accel Entertainment Price Performance

NYSE ACEL traded down $0.15 during midday trading on Friday, hitting $11.67. The company had a trading volume of 57,729 shares, compared to its average volume of 392,069. The company has a market capitalization of $987.34 million, a PE ratio of 22.87 and a beta of 1.22. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The firm has a 50-day moving average price of $10.61 and a 200-day moving average price of $11.06. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ACEL shares. Northland Securities increased their price objective on Accel Entertainment to $15.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Macquarie reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Accel Entertainment in a research report on Tuesday, May 6th.

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.