Accel Entertainment, Inc. (NYSE:ACEL) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 488,463 shares of the company's stock after purchasing an additional 48,639 shares during the quarter. Northern Trust Corp owned 0.59% of Accel Entertainment worth $5,217,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd raised its holdings in Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock worth $46,000 after purchasing an additional 1,051 shares during the period. New York State Teachers Retirement System acquired a new position in Accel Entertainment in the 4th quarter worth about $51,000. Russell Investments Group Ltd. raised its holdings in Accel Entertainment by 11,304.3% in the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock worth $56,000 after purchasing an additional 5,200 shares during the period. Tower Research Capital LLC TRC raised its holdings in Accel Entertainment by 483.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock worth $79,000 after purchasing an additional 6,151 shares during the period. Finally, R Squared Ltd acquired a new position in Accel Entertainment in the 4th quarter worth about $91,000. Institutional investors and hedge funds own 55.39% of the company's stock.

Accel Entertainment Price Performance

Shares of Accel Entertainment stock traded up $0.01 during mid-day trading on Friday, reaching $11.21. 197,681 shares of the stock traded hands, compared to its average volume of 286,601. The business has a 50-day moving average of $10.79 and a 200 day moving average of $11.07. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96. The stock has a market capitalization of $948.40 million, a PE ratio of 21.97 and a beta of 1.22. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Accel Entertainment

In other news, insider Derek Harmer sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 216,575 shares in the company, valued at $2,165,750. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction that occurred on 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 sale, the director now owns 298,135 shares of the company's stock, valued at $3,497,123.55. This trade represents a 7.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $671,000 over the last quarter. 19.17% of the stock is currently owned by insiders.

About Accel Entertainment

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.