Accel Entertainment, Inc. (NYSE:ACEL) Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC decreased its position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 713,699 shares of the company's stock after selling 44,000 shares during the quarter. HUB Investment Partners LLC owned 0.87% of Accel Entertainment worth $7,622,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ACEL. Charles Schwab Investment Management Inc. boosted its stake in shares of Accel Entertainment by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company's stock valued at $5,135,000 after purchasing an additional 3,151 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Accel Entertainment by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock worth $3,304,000 after acquiring 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 acquiring an additional 3,759 shares during the period. Legato Capital Management LLC increased its position in shares of Accel Entertainment by 33.4% during the fourth quarter. Legato Capital Management LLC now owns 16,842 shares of the company's stock worth $180,000 after acquiring an additional 4,219 shares during the period. Finally, 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 valued at $2,032,000 after purchasing an additional 4,256 shares during the period. 55.39% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total value of $308,750.00. Following the transaction, the director now owns 335,635 shares in the company, valued at approximately $4,145,092.25. This represents a 6.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 19.17% of the company's stock.

Accel Entertainment Stock Up 2.7 %

NYSE:ACEL traded up $0.27 during mid-day trading on Monday, hitting $10.19. The stock had a trading volume of 218,276 shares, compared to its average volume of 252,388. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a twelve month low of $9.37 and a twelve month high of $12.96. The company has a market capitalization of $871.95 million, a PE ratio of 19.98 and a beta of 1.54. The stock has a 50-day simple moving average of $11.05 and a two-hundred day simple moving average of $11.25.

Accel Entertainment 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.