27,252 Shares in Accel Entertainment, Inc. (NYSE:ACEL) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new position in Accel Entertainment, Inc. (NYSE:ACEL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 27,252 shares of the company’s stock, valued at approximately $291,000.

A number of other large investors also recently added to or reduced their stakes in ACEL. Covestor Ltd raised its holdings in shares of Accel Entertainment by 32.4% during the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after acquiring an additional 1,051 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Accel Entertainment during the 4th quarter worth approximately $51,000. Russell Investments Group Ltd. raised its holdings in shares of Accel Entertainment by 11,304.3% during the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock worth $56,000 after acquiring an additional 5,200 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock worth $79,000 after acquiring an additional 6,151 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Accel Entertainment during the 4th quarter worth approximately $91,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $11.44 on Tuesday. The stock’s fifty day moving average is $10.68 and its 200 day moving average is $11.07. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96. The firm has a market capitalization of $968.29 million, a PE ratio of 22.43 and a beta of 1.22. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the insider now owns 216,575 shares in the company, valued at $2,165,750. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $11.73, for a total value of $293,250.00. Following the completion of the sale, the director now owns 298,135 shares in the company, valued at approximately $3,497,123.55. The trade was a 7.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,000 shares of company stock worth $671,000. Company insiders own 19.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACEL. Northland Securities increased their price target on Accel Entertainment to $15.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Macquarie restated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a report on Tuesday, May 6th.

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.