Rhumbline Advisers Has $730,000 Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Rhumbline Advisers lessened its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 11.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,553 shares of the company’s stock after selling 9,819 shares during the period. Rhumbline Advisers owned about 0.09% of Accel Entertainment worth $730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Accel Entertainment during the 1st quarter worth approximately $35,000. Covestor Ltd grew its position in shares of Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after purchasing an additional 1,051 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Accel Entertainment during the 4th quarter worth approximately $51,000. Russell Investments Group Ltd. grew its position in shares of Accel Entertainment by 11,304.3% during the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock worth $56,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock worth $79,000 after purchasing an additional 6,151 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ACEL shares. Northland Securities increased their target price on shares of Accel Entertainment to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Macquarie reiterated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th.

Accel Entertainment Stock Performance

NYSE ACEL opened at $11.26 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.35 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $953.30 million, a price-to-earnings ratio of 22.99 and a beta of 1.23. The firm’s 50 day simple moving average is $11.26 and its 200 day simple moving average is $11.02. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96.

Insider Buying and Selling

In related news, CAO Christen Kozlik sold 3,791 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $11.50, for a total value of $43,596.50. Following the completion of the transaction, the chief accounting officer now owns 4,534 shares of the company’s stock, valued at $52,141. This represents a 45.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gordon Rubenstein sold 25,883 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $11.10, for a total transaction of $287,301.30. Following the completion of the transaction, the director now directly owns 43,117 shares of the company’s stock, valued at approximately $478,598.70. The trade was a 37.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,674 shares of company stock worth $1,617,158. Corporate insiders own 18.33% of the company’s stock.

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.