Globeflex Capital L P Has $2.81 Million Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Globeflex Capital L P raised its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,183 shares of the company’s stock after purchasing an additional 12,789 shares during the period. Globeflex Capital L P owned 0.32% of Accel Entertainment worth $2,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACEL. New York State Teachers Retirement System bought a new position in Accel Entertainment in the 4th quarter worth approximately $51,000. Point72 Asset Management L.P. bought a new position in Accel Entertainment in the 3rd quarter valued at $64,000. Quantbot Technologies LP bought a new position in Accel Entertainment in the 3rd quarter valued at $78,000. R Squared Ltd bought a new position in Accel Entertainment in the 4th quarter valued at $91,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Accel Entertainment during the third quarter worth $146,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Trading Up 2.1 %

Shares of ACEL stock opened at $9.82 on Friday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $12.96. The company has a market cap of $839.78 million, a PE ratio of 19.25 and a beta of 1.54. The stock’s fifty day moving average price is $11.10 and its two-hundred day moving average price is $11.32.

Insider Buying and Selling

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Derek Harmer sold 10,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.70, for a total value of $117,000.00. Following the completion of the transaction, the insider now directly owns 199,413 shares in the company, valued at approximately $2,333,132.10. This represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,000 shares of company stock valued at $978,500. 19.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

About Accel Entertainment

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.