EP Wealth Advisors LLC Grows Stock Holdings in Accel Entertainment, Inc. $ACEL

EP Wealth Advisors LLC boosted its holdings in Accel Entertainment, Inc. (NYSE:ACEL) by 41.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,430 shares of the company’s stock after buying an additional 6,244 shares during the quarter. EP Wealth Advisors LLC’s holdings in Accel Entertainment were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. boosted its position in shares of Accel Entertainment by 24.7% during the 1st quarter. Invesco Ltd. now owns 912,129 shares of the company’s stock worth $9,048,000 after acquiring an additional 180,868 shares in the last quarter. Millennium Management LLC purchased a new stake in Accel Entertainment during the fourth quarter worth approximately $1,523,000. Nuveen LLC acquired a new position in Accel Entertainment in the first quarter valued at approximately $1,386,000. D. E. Shaw & Co. Inc. purchased a new position in Accel Entertainment in the fourth quarter valued at approximately $1,228,000. Finally, Two Sigma Investments LP increased its stake in Accel Entertainment by 164.3% in the fourth quarter. Two Sigma Investments LP now owns 160,094 shares of the company’s stock valued at $1,710,000 after purchasing an additional 99,532 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $15.50.

Accel Entertainment Trading Down 1.5%

ACEL opened at $11.10 on Wednesday. The firm has a market cap of $935.24 million, a price-to-earnings ratio of 27.74 and a beta of 1.12. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $13.27. The business’s 50 day moving average is $11.85 and its two-hundred day moving average is $11.25. The company has a quick ratio of 2.56, a current ratio of 2.64 and a debt-to-equity ratio of 2.15.

Insider Buying and Selling

In other news, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $11.50, for a total value of $57,500.00. Following the transaction, the insider directly owned 202,880 shares of the company’s stock, valued at $2,333,120. The trade was a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $11.30, for a total transaction of $282,500.00. Following the completion of the sale, the director owned 285,635 shares of the company’s stock, valued at approximately $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 90 days, insiders have sold 85,000 shares of company stock worth $976,550. Insiders own 18.33% of the company’s stock.

Accel Entertainment 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.