Man Group plc Raises Stake in Accel Entertainment, Inc. (NYSE:ACEL)

Man Group plc grew its holdings in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 242.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,180 shares of the company's stock after acquiring an additional 65,939 shares during the quarter. Man Group plc owned 0.11% of Accel Entertainment worth $995,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ACEL. Barclays PLC lifted its holdings in shares of Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company's stock worth $2,606,000 after purchasing an additional 57,666 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Accel Entertainment by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 39,525 shares of the company's stock worth $422,000 after purchasing an additional 10,194 shares during the period. R Squared Ltd acquired a new stake in shares of Accel Entertainment during the fourth quarter worth about $91,000. Legato Capital Management LLC lifted its holdings in shares of Accel Entertainment by 33.4% during the fourth quarter. Legato Capital Management LLC now owns 16,842 shares of the company's stock worth $180,000 after purchasing an additional 4,219 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Accel Entertainment during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 55.39% of the company's stock.

Accel Entertainment Price Performance

Shares of Accel Entertainment stock traded down $0.01 on Thursday, reaching $11.21. The company's stock had a trading volume of 24,268 shares, compared to its average volume of 379,674. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $12.96. The company has a market capitalization of $948.83 million, a P/E ratio of 21.98 and a beta of 1.22. The stock has a 50-day moving average price of $10.86 and a 200-day moving average price of $11.06.

Analyst Upgrades and Downgrades

ACEL has been the subject of several recent research reports. Macquarie reiterated an "outperform" rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities boosted their price objective on Accel Entertainment to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 1st.

Insider Activity at Accel Entertainment

In related 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 completion of the transaction, the insider now directly owns 216,575 shares of the company's stock, valued at approximately $2,165,750. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction on Monday, April 14th. The shares were 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 approximately $3,557,716.35. The trade was a 7.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,000 shares of company stock valued at $671,000. 19.17% of the stock is owned by insiders.

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.