Seizert Capital Partners LLC Acquires 7,706 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Seizert Capital Partners LLC grew its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 29.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,798 shares of the company’s stock after purchasing an additional 7,706 shares during the period. Seizert Capital Partners LLC’s holdings in Accel Entertainment were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. New York State Teachers Retirement System purchased a new position in Accel Entertainment in the 4th quarter worth approximately $51,000. Point72 Asset Management L.P. purchased a new position in Accel Entertainment in the third quarter worth $64,000. Quantbot Technologies LP purchased a new position in Accel Entertainment in the third quarter worth $78,000. R Squared Ltd purchased a new stake in Accel Entertainment during the fourth quarter valued at about $91,000. Finally, Creative Planning bought a new stake in Accel Entertainment during the third quarter worth about $144,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie increased their price objective on Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 28th.

Insider Activity at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total transaction of $308,750.00. Following the transaction, the director now directly owns 335,635 shares in the company, valued at $4,145,092.25. This trade represents a 6.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.70, for a total value of $117,000.00. Following the completion of the sale, the insider now owns 199,413 shares of the company’s stock, valued at $2,333,132.10. The trade was a 4.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,000 shares of company stock valued at $978,500. Insiders own 17.90% of the company’s stock.

Accel Entertainment Trading Up 0.9 %

ACEL stock opened at $10.44 on Thursday. The company has a market capitalization of $859.25 million, a PE ratio of 20.46 and a beta of 1.54. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a one year low of $9.37 and a one year high of $12.96. The company’s 50 day moving average price is $11.20 and its two-hundred day moving average price is $11.39.

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.