Northern Trust Corp Buys 48,639 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Northern Trust Corp boosted its holdings in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 488,463 shares of the company's stock after acquiring an additional 48,639 shares during the period. Northern Trust Corp owned about 0.59% of Accel Entertainment worth $5,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orvieto Partners L.P. bought a new stake in shares of Accel Entertainment in the 4th quarter worth approximately $3,951,000. JPMorgan Chase & Co. increased its position in Accel Entertainment by 70.0% in the fourth quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company's stock worth $5,163,000 after buying an additional 199,092 shares during the period. Renaissance Technologies LLC lifted its stake in Accel Entertainment by 27.0% in the fourth 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 last quarter. Financial Counselors Inc. bought a new position in shares of Accel Entertainment during the fourth quarter worth about $1,866,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Accel Entertainment by 300.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock worth $2,342,000 after acquiring an additional 164,560 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACEL has been the topic of several recent research reports. Macquarie reiterated an "outperform" rating and issued a $16.00 price objective 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 stock a "buy" rating in a research report on Thursday, May 1st.

Accel Entertainment Stock Performance

Shares of ACEL traded up $0.01 during trading hours on Monday, reaching $11.21. 197,681 shares of the company's stock traded hands, compared to its average volume of 286,608. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The business's fifty day simple moving average is $10.81 and its two-hundred day simple moving average is $11.06. 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 market capitalization of $948.40 million, a price-to-earnings ratio of 21.97 and a beta of 1.22.

Insider Activity

In other news, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were 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 in the company, valued at approximately $2,165,750. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $11.73, for a total transaction of $293,250.00. Following the sale, the director now owns 298,135 shares of the company's stock, valued at $3,497,123.55. The trade was 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 worth $671,000 over the last three months. Corporate insiders own 19.17% of the company's stock.

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.