Nuveen LLC Makes New $1.39 Million Investment in Accel Entertainment, Inc. $ACEL

Key Points

• Nuveen LLC has invested approximately $1.39 million in Accel Entertainment by acquiring 139,736 shares, representing about 0.16% of the company.
• Accel Entertainment's stock performance shows a 12-month range between $9.02 and $13.27, with a current trading price of $11.60.
• The company has received an "outperform" rating from Macquarie, with a price target set at $16.00, reflecting analysts' optimism about its future performance.

Nuveen LLC bought a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 139,736 shares of the company's stock, valued at approximately $1,386,000. Nuveen LLC owned 0.16% of Accel Entertainment as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hohimer Wealth Management LLC boosted its position in Accel Entertainment by 5.4% during the first quarter. Hohimer Wealth Management LLC now owns 18,699 shares of the company's stock worth $185,000 after purchasing an additional 961 shares during the period. Swiss National Bank boosted its position in shares of Accel Entertainment by 1.7% in the first quarter. Swiss National Bank now owns 99,800 shares of the company's stock valued at $990,000 after acquiring an additional 1,700 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Accel Entertainment by 21.0% in the fourth quarter. EP Wealth Advisors LLC now owns 15,186 shares of the company's stock valued at $162,000 after acquiring an additional 2,640 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Accel Entertainment by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,634 shares of the company's stock valued at $221,000 after acquiring an additional 3,237 shares during the period. Finally, Versant Capital Management Inc bought a new position in shares of Accel Entertainment in the first quarter valued at approximately $35,000. Institutional investors own 55.39% of the company's stock.

Insider Activity

In other news, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $11.50, for a total value of $57,500.00. Following the completion of the transaction, the insider directly owned 202,880 shares in the company, valued at approximately $2,333,120. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $11.30, for a total transaction of $282,500.00. Following the sale, the director owned 285,635 shares of the company's stock, valued at approximately $3,227,675.50. The trade was a 8.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,791 shares of company stock valued at $1,346,107 over the last ninety days. 18.33% of the stock is owned by insiders.

Accel Entertainment Price Performance

Shares of ACEL stock traded up $0.29 during trading hours on Thursday, reaching $11.42. The stock had a trading volume of 107,618 shares, compared to its average volume of 358,809. The stock's fifty day simple moving average is $11.89 and its 200 day simple moving average is $11.28. The company has a current ratio of 2.64, a quick ratio of 2.56 and a debt-to-equity ratio of 2.15. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $13.27. The firm has a market capitalization of $962.22 million, a PE ratio of 28.54 and a beta of 1.12.

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.