Lazard Asset Management LLC Buys 38,351 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Lazard Asset Management LLC grew its position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 40.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,214 shares of the company's stock after buying an additional 38,351 shares during the quarter. Lazard Asset Management LLC owned 0.16% of Accel Entertainment worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Accel Entertainment by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock valued at $37,015,000 after buying an additional 53,379 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Accel Entertainment by 27.0% during the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company's stock valued at $8,799,000 after buying an additional 175,112 shares during the period. Invesco Ltd. lifted its holdings 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 buying an additional 84,891 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 23,745 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Accel Entertainment by 11.1% in the 4th 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 in the last quarter. 55.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the completion of the sale, the insider now owns 211,575 shares in the company, valued at approximately $2,221,537.50. This represents a 2.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $11.01, for a total value of $275,250.00. Following the completion of the sale, the director now owns 323,135 shares of the company's stock, valued at $3,557,716.35. The trade was a 7.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,000 shares of company stock worth $671,000. Corporate insiders own 19.17% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. 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 upped their price objective on Accel Entertainment to $15.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st.

Accel Entertainment Stock Performance

Shares of NYSE:ACEL traded up $0.01 during midday trading on Friday, hitting $11.21. The company had a trading volume of 197,681 shares, compared to its average volume of 286,608. 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 company has a market cap of $948.40 million, a price-to-earnings ratio of 21.97 and a beta of 1.22. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96. The company has a fifty day moving average of $10.79 and a two-hundred day moving average of $11.07.

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.