42,502 Shares in Accel Entertainment, Inc. (NYSE:ACEL) Acquired by Martingale Asset Management L P

Martingale Asset Management L P acquired a new stake in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42,502 shares of the company's stock, valued at approximately $454,000. Martingale Asset Management L P owned approximately 0.05% of Accel Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Accel Entertainment by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock worth $3,304,000 after buying an additional 3,355 shares in the last quarter. Magnetar Financial LLC increased its position in shares of Accel Entertainment by 25.7% during the fourth quarter. Magnetar Financial LLC now owns 18,385 shares of the company's stock worth $196,000 after purchasing an additional 3,759 shares in the last quarter. Legato Capital Management LLC raised its stake in Accel Entertainment by 33.4% in the 4th quarter. Legato Capital Management LLC now owns 16,842 shares of the company's stock valued at $180,000 after purchasing an additional 4,219 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Accel Entertainment by 2.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 190,250 shares of the company's stock valued at $2,032,000 after purchasing an additional 4,256 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of Accel Entertainment in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 55.39% of the company's stock.

Insider Transactions at Accel Entertainment

In related news, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction 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 transaction, the insider now directly owns 216,575 shares in the company, valued at approximately $2,165,750. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $11.01, for a total value of $275,250.00. Following the completion of the sale, the director now directly owns 323,135 shares in the company, valued at $3,557,716.35. This represents a 7.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,000 shares of company stock worth $686,500. 19.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Macquarie boosted their target price on Accel Entertainment from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Friday, February 28th.

Accel Entertainment Trading Down 1.4 %

Shares of NYSE ACEL traded down $0.16 during trading on Friday, hitting $11.04. 345,356 shares of the company were exchanged, compared to its average volume of 282,716. The company has a fifty day moving average price of $10.70 and a 200-day moving average price of $11.08. 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 firm has a market capitalization of $944.68 million, a PE ratio of 21.65 and a beta of 1.35. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96.

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.