Accel Entertainment, Inc. (NYSE:ACEL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 73.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,413 shares of the company's stock after selling 39,652 shares during the period. Jane Street Group LLC's holdings in Accel Entertainment were worth $154,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AdvisorShares Investments LLC increased its position in Accel Entertainment by 11.5% during the fourth quarter. AdvisorShares Investments LLC now owns 32,070 shares of the company's stock worth $343,000 after buying an additional 3,300 shares during the period. Northern Trust Corp raised its position in Accel Entertainment by 11.1% in the 4th quarter. Northern Trust Corp now owns 488,463 shares of the company's stock valued at $5,217,000 after purchasing an additional 48,639 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Accel Entertainment in the 4th quarter valued at $775,000. Susquehanna Fundamental Investments LLC acquired a new stake in Accel Entertainment during the 4th quarter worth $212,000. Finally, Kovitz Investment Group Partners LLC grew its position in Accel Entertainment by 41.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 34,516 shares of the company's stock worth $369,000 after purchasing an additional 10,160 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 5,000 shares of the stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the completion of the transaction, the insider now owns 211,575 shares in the company, valued at $2,221,537.50. This trade represents a 2.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christen Kozlik sold 3,791 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.50, for a total transaction of $43,596.50. Following the completion of the sale, the chief accounting officer now owns 4,534 shares of the company's stock, valued at $52,141. This trade represents a 45.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,674 shares of company stock worth $1,327,858. Company insiders own 19.17% of the company's stock.

Accel Entertainment Stock Performance

Shares of NYSE:ACEL traded up $0.22 during trading on Tuesday, reaching $11.66. The company had a trading volume of 242,630 shares, compared to its average volume of 285,493. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96. 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 stock's fifty day moving average price is $11.09 and its 200 day moving average price is $11.03. The firm has a market capitalization of $986.49 million, a price-to-earnings ratio of 22.85 and a beta of 1.23.

Analysts Set New Price Targets

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

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.