Russell Investments Group Ltd. Purchases 5,200 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Russell Investments Group Ltd. increased its position in Accel Entertainment, Inc. (NYSE:ACEL) by 11,304.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,246 shares of the company’s stock after buying an additional 5,200 shares during the quarter. Russell Investments Group Ltd.’s holdings in Accel Entertainment were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ACEL. Vanguard Group Inc. lifted its holdings 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 worth $37,015,000 after acquiring an additional 53,379 shares during the last quarter. JPMorgan Chase & Co. raised its position in Accel Entertainment by 70.0% in the 4th quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock worth $5,163,000 after purchasing an additional 199,092 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Accel Entertainment by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company’s stock worth $4,791,000 after purchasing an additional 6,641 shares during the last quarter. Globeflex Capital L P boosted its position in Accel Entertainment by 5.1% during the fourth quarter. Globeflex Capital L P now owns 263,183 shares of the company’s stock valued at $2,811,000 after buying an additional 12,789 shares during the period. Finally, Barclays PLC grew its stake in shares of Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after buying an additional 57,666 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Stock Down 1.6 %

Shares of NYSE ACEL opened at $11.07 on Friday. The firm’s fifty day moving average is $10.61 and its 200 day moving average is $11.07. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. 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 company has a market cap of $947.16 million, a price-to-earnings ratio of 21.71 and a beta of 1.35.

Insider Buying and Selling at Accel Entertainment

In related news, insider Derek Harmer sold 5,000 shares of the company’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 transaction of $52,500.00. Following the completion of the transaction, the insider now owns 211,575 shares in the company, valued at $2,221,537.50. This represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $11.01, for a total value of $275,250.00. Following the completion of the sale, the director now directly owns 323,135 shares of the company’s stock, valued at $3,557,716.35. The trade was a 7.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,000 shares of company stock worth $686,500. 19.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Macquarie boosted their target price on 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 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.