27,252 Shares in Accel Entertainment, Inc. (NYSE:ACEL) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 27,252 shares of the company's stock, valued at approximately $291,000.

A number of other large investors also recently added to or reduced their stakes in ACEL. Covestor Ltd raised its holdings in shares of 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 acquiring an additional 1,051 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Accel Entertainment during the 4th quarter worth approximately $51,000. Russell Investments Group Ltd. raised its holdings in shares of Accel Entertainment by 11,304.3% during the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock worth $56,000 after acquiring an additional 5,200 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock worth $79,000 after acquiring an additional 6,151 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Accel Entertainment during the 4th quarter worth approximately $91,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $11.44 on Tuesday. The stock's fifty day moving average is $10.68 and its 200 day moving average is $11.07. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96. The firm has a market capitalization of $968.29 million, a PE ratio of 22.43 and a beta of 1.22. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the insider now owns 216,575 shares in the company, valued at $2,165,750. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $11.73, for a total value of $293,250.00. Following the completion of the sale, the director now owns 298,135 shares in the company, valued at approximately $3,497,123.55. The trade was a 7.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,000 shares of company stock worth $671,000. Company insiders own 19.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

Accel Entertainment 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.