JPMorgan Chase & Co. Grows Stock Position in Accel Entertainment, Inc. (NYSE:ACEL)

JPMorgan Chase & Co. increased its position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 70.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 483,401 shares of the company's stock after purchasing an additional 199,092 shares during the period. JPMorgan Chase & Co. owned 0.59% of Accel Entertainment worth $5,163,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACEL. New York State Teachers Retirement System acquired a new stake in shares of Accel Entertainment during the fourth quarter worth about $51,000. R Squared Ltd acquired a new stake in Accel Entertainment during the 4th quarter worth approximately $91,000. Quantbot Technologies LP grew its stake in shares of Accel Entertainment by 90.7% in the 4th quarter. Quantbot Technologies LP now owns 12,841 shares of the company's stock valued at $137,000 after purchasing an additional 6,106 shares during the last quarter. Olympiad Research LP acquired a new position in shares of Accel Entertainment in the fourth quarter valued at approximately $162,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Accel Entertainment during the fourth quarter worth approximately $171,000. 55.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total value of $308,750.00. Following the completion of the transaction, the director now directly owns 335,635 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Also, insider Derek Harmer sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the insider now directly owns 211,575 shares in the company, valued at $2,221,537.50. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $686,500 in the last three months. 19.17% of the stock is currently owned by company insiders.

Accel Entertainment Stock Performance

ACEL traded up $0.01 during trading on Wednesday, reaching $11.31. The company's stock had a trading volume of 54,010 shares, compared to its average volume of 376,964. 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 company's fifty day moving average price is $10.67 and its 200-day moving average price is $11.08. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $12.96. The company has a market capitalization of $967.69 million, a price-to-earnings ratio of 22.18 and a beta of 1.35.

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.