Vanguard Group Inc. Has $34.78 Million Stock Holdings in Accel Entertainment, Inc. $ACEL

Key Points

• Vanguard Group Inc. increased its stake in Accel Entertainment to 4.10% with holdings valued at $34.78 million, after purchasing an additional 40,524 shares in the first quarter.
• Recent insider trading includes sales by CAO Christen Kozlik and Director Gordon Rubenstein, with Kozlik reducing their position by 45.54% and Rubenstein by 67.26%.
• Accel Entertainment shares have a 52-week trading range of $9.02 to $13.27, with analysts giving it a consensus price target of $15.50 and a rating of "Buy".

Vanguard Group Inc. boosted its stake in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,506,347 shares of the company's stock after purchasing an additional 40,524 shares during the period. Vanguard Group Inc. owned 4.10% of Accel Entertainment worth $34,783,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Hohimer Wealth Management LLC lifted its position in shares of Accel Entertainment by 5.4% in the first quarter. Hohimer Wealth Management LLC now owns 18,699 shares of the company's stock valued at $185,000 after buying an additional 961 shares during the last quarter. EP Wealth Advisors LLC lifted 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 buying an additional 2,640 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 buying an additional 3,237 shares during the last quarter. AdvisorShares Investments LLC lifted its position in shares of Accel Entertainment by 11.5% in the fourth quarter. AdvisorShares Investments LLC now owns 32,070 shares of the company's stock valued at $343,000 after buying an additional 3,300 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Accel Entertainment in the first quarter valued at approximately $35,000. 55.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Christen Kozlik sold 3,791 shares of Accel Entertainment stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $11.50, for a total value of $43,596.50. Following the transaction, the chief accounting officer owned 4,534 shares in the company, valued at approximately $52,141. This trade represents a 45.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gordon Rubenstein sold 29,000 shares of Accel Entertainment stock in a transaction on Friday, June 6th. The shares were sold at an average price of $11.24, for a total value of $325,960.00. Following the completion of the transaction, the director owned 14,117 shares in the company, valued at approximately $158,675.08. The trade was a 67.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,674 shares of company stock worth $1,633,408. 18.33% of the stock is currently owned by company insiders.

Accel Entertainment Trading Up 0.2%

Shares of ACEL opened at $11.50 on Wednesday. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $13.27. The business's fifty day moving average is $11.89 and its 200-day moving average is $11.29. The company has a debt-to-equity ratio of 2.15, a quick ratio of 2.56 and a current ratio of 2.64. The firm has a market cap of $969.67 million, a price-to-earnings ratio of 28.76 and a beta of 1.32.

Wall Street Analyst Weigh In

ACEL has been the subject of several research reports. Macquarie reissued an "outperform" rating and set a $16.00 price target on shares of Accel Entertainment in a report on Tuesday, May 6th. Northland Securities lifted their price target on Accel Entertainment to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $15.50.

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.

Want to see what other hedge funds are holding ACEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accel Entertainment, Inc. (NYSE:ACEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.