Accel Entertainment, Inc. $ACEL Shares Bought by Swiss National Bank

Swiss National Bank increased its holdings in Accel Entertainment, Inc. (NYSE:ACEL) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,800 shares of the company’s stock after buying an additional 1,700 shares during the quarter. Swiss National Bank owned about 0.12% of Accel Entertainment worth $990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Accel Entertainment by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,506,347 shares of the company’s stock worth $34,783,000 after buying an additional 40,524 shares during the period. Dimensional Fund Advisors LP increased its holdings in Accel Entertainment by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company’s stock worth $7,370,000 after buying an additional 23,745 shares during the period. Northern Trust Corp grew its stake in shares of Accel Entertainment by 11.1% during the 4th quarter. Northern Trust Corp now owns 488,463 shares of the company’s stock worth $5,217,000 after purchasing an additional 48,639 shares during the period. Deutsche Bank AG grew its stake in shares of Accel Entertainment by 2.0% during the 4th quarter. Deutsche Bank AG now owns 422,383 shares of the company’s stock worth $4,511,000 after purchasing an additional 8,433 shares during the period. Finally, Barclays PLC grew its stake in shares of Accel Entertainment by 4.9% during the 4th quarter. Barclays PLC now owns 235,226 shares of the company’s stock worth $2,512,000 after purchasing an additional 10,985 shares during the period. Institutional investors and hedge funds own 55.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gordon Rubenstein sold 29,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $11.24, for a total transaction of $325,960.00. Following the transaction, the director owned 14,117 shares in the company, valued at $158,675.08. This trade represents a 67.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $11.30, for a total value of $282,500.00. Following the transaction, the director owned 285,635 shares in the company, valued at $3,227,675.50. This trade represents a 8.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,674 shares of company stock worth $1,633,408. Corporate insiders own 18.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACEL shares. Macquarie reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities raised their price objective on shares of Accel Entertainment to $15.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $15.50.

Accel Entertainment Trading Up 0.2%

Shares of NYSE:ACEL opened at $11.50 on Wednesday. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $13.27. The firm has a market capitalization of $969.67 million, a price-to-earnings ratio of 28.76 and a beta of 1.32. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.64 and a quick ratio of 2.56. The business’s 50 day moving average price is $11.89 and its 200-day moving average price is $11.29.

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.