Financial Counselors Inc. purchased a new stake in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 174,750 shares of the company's stock, valued at approximately $1,866,000. Financial Counselors Inc. owned approximately 0.21% of Accel Entertainment as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Barclays PLC lifted its stake in Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after acquiring an additional 57,666 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Accel Entertainment by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock valued at $37,015,000 after purchasing an additional 53,379 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Accel Entertainment by 103.7% in the 4th quarter. Teacher Retirement System of Texas now owns 57,550 shares of the company's stock valued at $615,000 after purchasing an additional 29,292 shares during the last quarter. Intech Investment Management LLC bought a new stake in Accel Entertainment in the fourth quarter worth $242,000. Finally, Algert Global LLC increased its position in Accel Entertainment by 12.3% during the third quarter. Algert Global LLC now owns 177,640 shares of the company's stock worth $2,064,000 after buying an additional 19,400 shares during the last quarter. Institutional investors own 55.39% of the company's stock.
Insider Activity at Accel Entertainment
In related news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total transaction of $308,750.00. Following the completion of the sale, the director now owns 335,635 shares in the company, valued at $4,145,092.25. This represents a 6.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.17% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Macquarie boosted their price target on Accel Entertainment from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th.
Check Out Our Latest Research Report on Accel Entertainment
Accel Entertainment Stock Performance
ACEL stock traded up $0.06 during midday trading on Tuesday, hitting $9.98. 305,081 shares of the company traded hands, compared to its average volume of 261,131. Accel Entertainment, Inc. has a twelve month low of $9.37 and a twelve month high of $12.96. The stock has a market capitalization of $853.47 million, a price-to-earnings ratio of 19.56 and a beta of 1.54. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The business has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $11.20.
Accel Entertainment Company Profile
(
Free Report)
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.
Further Reading
Before you consider Accel Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Accel Entertainment wasn't on the list.
While Accel Entertainment currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
