Financial Counselors Inc. Buys New Stake in Accel Entertainment, Inc. (NYSE:ACEL)

Financial Counselors Inc. purchased a new stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 174,750 shares of the company’s stock, valued at approximately $1,866,000. Financial Counselors Inc. owned 0.21% of Accel Entertainment as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in shares of Accel Entertainment during the 4th quarter valued at about $171,000. Vanguard Group Inc. boosted its position in Accel Entertainment by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company’s stock worth $37,015,000 after purchasing an additional 53,379 shares in the last quarter. Quantbot Technologies LP grew its holdings in Accel Entertainment by 90.7% in the fourth 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 period. Magnetar Financial LLC increased its position in shares of Accel Entertainment by 25.7% in the fourth 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. Finally, Teacher Retirement System of Texas raised its stake in shares of Accel Entertainment by 103.7% during the 4th quarter. Teacher Retirement System of Texas now owns 57,550 shares of the company’s stock worth $615,000 after buying an additional 29,292 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total value of $265,250.00. Following the completion of the sale, the director now directly owns 348,135 shares in the company, valued at $3,693,712.35. This represents a 6.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 19.17% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie lifted their price target 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.

Accel Entertainment Trading Up 0.2 %

Shares of Accel Entertainment stock opened at $10.25 on Friday. 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 firm has a market capitalization of $876.57 million, a PE ratio of 20.09 and a beta of 1.54. The firm’s 50-day moving average price is $11.03 and its 200 day moving average price is $11.23.

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.