Price T Rowe Associates Inc. MD Buys 3,237 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Price T Rowe Associates Inc. MD boosted its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,634 shares of the company’s stock after acquiring an additional 3,237 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Accel Entertainment were worth $221,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd grew its position in Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after purchasing an additional 1,051 shares in the last quarter. New York State Teachers Retirement System bought a new position in Accel Entertainment in the fourth quarter valued at $51,000. Russell Investments Group Ltd. grew its position in Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after purchasing an additional 5,200 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Accel Entertainment by 483.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock valued at $79,000 after purchasing an additional 6,151 shares in the last quarter. Finally, R Squared Ltd bought a new position in Accel Entertainment in the fourth quarter valued at $91,000. 55.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACEL has been the subject of a number of analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities lifted their price objective on shares of Accel Entertainment to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 1st.

Accel Entertainment Stock Performance

Shares of ACEL opened at $11.72 on Friday. The firm has a 50-day moving average of $10.65 and a 200-day moving average of $11.06. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $12.96. The company has a market cap of $992.25 million, a PE ratio of 22.99 and a beta of 1.22. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

Insider Activity

In related news, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the completion of the sale, the insider now owns 216,575 shares of the company’s stock, valued at approximately $2,165,750. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated 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 directly owns 335,635 shares of the company’s stock, valued at $4,145,092.25. The trade was a 6.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,000 shares of company stock valued at $979,750 in the last quarter. Company insiders own 17.90% of the company’s stock.

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.