Vanguard Group Inc. Buys 53,379 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Vanguard Group Inc. boosted its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,465,823 shares of the company's stock after acquiring an additional 53,379 shares during the period. Vanguard Group Inc. owned 4.21% of Accel Entertainment worth $37,015,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total value of $308,750.00. Following the sale, the director now owns 335,635 shares in the company, valued at approximately $4,145,092.25. This trade represents a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 of the company's stock, valued at approximately $2,165,750. This represents a 2.26 % decrease in their ownership of the stock. 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 owned by corporate insiders.

Accel Entertainment Stock Down 1.4 %

ACEL stock traded down $0.16 during midday trading on Friday, hitting $11.04. The company's stock had a trading volume of 345,356 shares, compared to its average volume of 282,716. The company has a market cap of $944.68 million, a PE ratio of 21.65 and a beta of 1.35. The firm's 50-day moving average is $10.70 and its 200-day moving average is $11.08. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Wall Street Analysts Forecast Growth

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

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.