LSV Asset Management Has $236,000 Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

LSV Asset Management trimmed its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 44.1% in the fourth quarter, HoldingsChannel reports. The firm owned 22,100 shares of the company’s stock after selling 17,400 shares during the period. LSV Asset Management’s holdings in Accel Entertainment were worth $236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACEL. Barclays PLC raised its stake in shares of Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after acquiring an additional 57,666 shares during the last quarter. JPMorgan Chase & Co. raised its position in Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock worth $3,304,000 after purchasing an additional 3,355 shares during the last quarter. SG Americas Securities LLC raised its position in Accel Entertainment by 34.8% in the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock worth $422,000 after purchasing an additional 10,194 shares during the last quarter. R Squared Ltd acquired a new position in Accel Entertainment during the 4th quarter worth $91,000. Finally, Legato Capital Management LLC boosted its position in Accel Entertainment by 33.4% in the 4th quarter. Legato Capital Management LLC now owns 16,842 shares of the company’s stock valued at $180,000 after buying an additional 4,219 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated 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 owns 335,635 shares in the company, valued at approximately $4,145,092.25. This represents a 6.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Derek Harmer sold 5,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 216,575 shares in the company, valued at $2,165,750. The trade was 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 over the last ninety days. Company insiders own 19.17% of the company’s stock.

Accel Entertainment Stock Up 2.0 %

Shares of NYSE ACEL opened at $11.26 on Wednesday. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96. The firm’s 50-day moving average is $10.74 and its 200-day moving average is $11.09. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $962.99 million, a PE ratio of 22.07 and a beta of 1.35.

Analyst Upgrades and Downgrades

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

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.