Accel Entertainment, Inc. $ACEL Shares Sold by Globeflex Capital L P

Globeflex Capital L P cut its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 17.8% in the 4th quarter, Holdings Channel reports. The firm owned 362,992 shares of the company’s stock after selling 78,393 shares during the period. Globeflex Capital L P’s holdings in Accel Entertainment were worth $4,142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Accel Entertainment by 2.0% during the third quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company’s stock valued at $43,140,000 after purchasing an additional 74,992 shares during the last quarter. Invesco Ltd. lifted its stake in Accel Entertainment by 5.7% during the third quarter. Invesco Ltd. now owns 926,303 shares of the company’s stock valued at $10,254,000 after purchasing an additional 50,305 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Accel Entertainment by 8.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company’s stock valued at $9,490,000 after purchasing an additional 65,610 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Accel Entertainment by 177.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company’s stock valued at $6,264,000 after purchasing an additional 351,012 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after purchasing an additional 359,948 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Accel Entertainment

In other news, insider Derek Harmer sold 20,000 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $11.39, for a total transaction of $227,800.00. Following the transaction, the insider owned 179,963 shares in the company, valued at $2,049,778.57. This represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 10,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $11.53, for a total transaction of $115,300.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 837,572 shares of company stock worth $9,547,778. Company insiders own 14.47% of the company’s stock.

Accel Entertainment Stock Up 2.9%

Accel Entertainment stock opened at $12.08 on Friday. The firm’s 50 day moving average price is $11.68 and its two-hundred day moving average price is $11.30. Accel Entertainment, Inc. has a twelve month low of $9.55 and a twelve month high of $13.31. The firm has a market cap of $982.78 million, a PE ratio of 20.13 and a beta of 1.01. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71.

Accel Entertainment (NYSE:ACEL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The company had revenue of $351.56 million for the quarter, compared to analyst estimates of $342.88 million. On average, research analysts predict that Accel Entertainment, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ACEL. Zacks Research lowered shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Weiss Ratings lowered shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Citizens Jmp upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Truist Financial upped their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Accel Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $14.67.

Accel Entertainment Profile

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.