Sherbrooke Park Advisers LLC Takes $291,000 Position in Accel Entertainment, Inc. (NYSE:ACEL)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Accel Entertainment by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock valued at $37,015,000 after purchasing an additional 53,379 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Accel Entertainment by 27.0% in the 4th 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. Invesco Ltd. raised its position in shares of Accel Entertainment by 13.1% during the 4th quarter. Invesco Ltd. now owns 731,261 shares of the company's stock valued at $7,810,000 after acquiring an additional 84,891 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Accel Entertainment by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company's stock valued at $7,370,000 after acquiring an additional 23,745 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Accel Entertainment by 11.1% in the fourth quarter. Northern Trust Corp now owns 488,463 shares of the company's stock worth $5,217,000 after purchasing an additional 48,639 shares during the period. Hedge funds and other institutional investors own 55.39% of the company's stock.

Insider Buying and Selling at Accel Entertainment

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

Wall Street Analyst Weigh In

ACEL has been the topic of a number of research reports. Macquarie reissued an "outperform" rating and set a $16.00 target price on shares of Accel Entertainment in a report on Tuesday, May 6th. Northland Securities increased their price objective on shares of Accel Entertainment to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 1st.

Accel Entertainment Stock Performance

Shares of ACEL stock traded up $0.01 during trading hours on Friday, reaching $11.21. The stock had a trading volume of 197,681 shares, compared to its average volume of 286,608. The firm has a market capitalization of $948.40 million, a PE ratio of 21.97 and a beta of 1.22. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The firm has a 50-day simple moving average of $10.79 and a 200-day simple moving average of $11.07. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96.

Accel Entertainment Company 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.