EPG Wealth Management LLC Lowers Stock Position in Accel Entertainment, Inc. (NYSE:ACEL)

EPG Wealth Management LLC lessened its position in Accel Entertainment, Inc. (NYSE:ACEL) by 34.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,196 shares of the company’s stock after selling 57,905 shares during the quarter. EPG Wealth Management LLC owned approximately 0.13% of Accel Entertainment worth $1,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Accel Entertainment by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company’s stock worth $37,015,000 after acquiring an additional 53,379 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Accel Entertainment by 27.0% during the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company’s stock worth $8,799,000 after buying an additional 175,112 shares during the last quarter. Invesco Ltd. boosted its position in shares of Accel Entertainment by 13.1% during the 4th quarter. Invesco Ltd. now owns 731,261 shares of the company’s stock worth $7,810,000 after acquiring an additional 84,891 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Accel Entertainment by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company’s stock valued at $7,370,000 after acquiring an additional 23,745 shares during the last quarter. Finally, Northern Trust Corp raised its position 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 acquiring an additional 48,639 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Insider Activity at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total transaction of $308,750.00. Following the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Derek Harmer sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the insider now directly owns 216,575 shares in the company, valued at $2,165,750. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $686,500 in the last quarter. Company insiders own 19.17% of the company’s stock.

Analyst Ratings Changes

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

Accel Entertainment Stock Performance

Shares of ACEL opened at $11.26 on Wednesday. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96. The firm has a market cap of $963.25 million, a PE ratio of 22.07 and a beta of 1.22. The company’s 50 day simple moving average is $10.44 and its 200-day simple moving average is $11.04. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

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.