174,750 Shares in Accel Entertainment, Inc. (NYSE:ACEL) Acquired by Financial Counselors Inc.

Financial Counselors Inc. bought a new stake in Accel Entertainment, Inc. (NYSE:ACEL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 174,750 shares of the company’s stock, valued at approximately $1,866,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Accel Entertainment by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock valued at $5,135,000 after purchasing an additional 3,151 shares during the period. JPMorgan Chase & Co. boosted its holdings in Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after purchasing an additional 3,355 shares during the last quarter. Magnetar Financial LLC grew its stake in shares of Accel Entertainment by 25.7% in the 4th quarter. Magnetar Financial LLC now owns 18,385 shares of the company’s stock valued at $196,000 after buying an additional 3,759 shares during the period. Legato Capital Management LLC increased its holdings in shares of Accel Entertainment by 33.4% during the 4th quarter. Legato Capital Management LLC now owns 16,842 shares of the company’s stock worth $180,000 after buying an additional 4,219 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Accel Entertainment by 2.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 190,250 shares of the company’s stock valued at $2,032,000 after buying an additional 4,256 shares during the period. 55.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their target price on Accel Entertainment from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th.

Accel Entertainment Trading Up 0.2 %

NYSE ACEL opened at $10.25 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The stock has a market capitalization of $876.57 million, a P/E ratio of 20.09 and a beta of 1.54. The firm’s 50-day moving average is $11.03 and its two-hundred day moving average is $11.23. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.96.

Insider Activity

In other news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total value of $308,750.00. Following the completion of the sale, the director now directly owns 335,635 shares of the company’s stock, valued at approximately $4,145,092.25. The trade was a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 19.17% 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.