State of Wyoming Takes Position in Accel Entertainment, Inc. (NYSE:ACEL)

State of Wyoming bought a new position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,919 shares of the company's stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACEL. Barclays PLC raised its position in Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after buying an additional 57,666 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Accel Entertainment by 70.0% during 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 in the last quarter. Vanguard Group Inc. increased its position in Accel Entertainment by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock worth $37,015,000 after acquiring an additional 53,379 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Accel Entertainment by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company's stock worth $4,791,000 after buying an additional 6,641 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Accel Entertainment by 300.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock valued at $2,342,000 after purchasing an additional 164,560 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, insider Derek Harmer sold 5,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the insider now owns 216,575 shares in the company, valued at approximately $2,165,750. The trade was a 2.26% 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 company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the transaction, the director now owns 323,135 shares in the company, valued at approximately $3,557,716.35. The trade was a 7.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $671,000 over the last three months. 19.17% of the stock is owned by company insiders.

Accel Entertainment Price Performance

Accel Entertainment stock traded down $0.03 during mid-day trading on Thursday, hitting $11.20. 27,179 shares of the company traded hands, compared to its average volume of 285,109. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $12.96. The stock has a market cap of $947.56 million, a price-to-earnings ratio of 21.94 and a beta of 1.22. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. The stock has a fifty day moving average price of $10.86 and a 200-day moving average price of $11.06.

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.