Chapman Financial Group LLC Takes Position in Accel Entertainment, Inc. (NYSE:ACEL)

Chapman Financial Group LLC purchased a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,144 shares of the company’s stock, valued at approximately $98,000.

Other hedge funds have also modified their holdings of the company. Barclays PLC increased its stake in shares of Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after purchasing an additional 57,666 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Accel Entertainment by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after acquiring an additional 3,355 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Accel Entertainment by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company’s stock valued at $4,791,000 after acquiring an additional 6,641 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Accel Entertainment by 300.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company’s stock worth $2,342,000 after acquiring an additional 164,560 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Accel Entertainment by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company’s stock valued at $37,015,000 after purchasing an additional 53,379 shares during the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Northland Securities upped their target price on shares of Accel Entertainment to $15.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Macquarie increased their price objective on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, February 28th.

Accel Entertainment Trading Up 1.0 %

Shares of ACEL opened at $10.76 on Tuesday. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96. The firm has a market capitalization of $920.21 million, a P/E ratio of 21.09 and a beta of 1.22. The firm has a 50-day moving average price of $10.44 and a 200 day moving average price of $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.

Insider Activity

In other news, insider Derek Harmer sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the transaction, the insider now owns 211,575 shares of the company’s stock, valued at $2,221,537.50. This represents a 2.31 % decrease in their position. The sale 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 business’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the sale, the director now owns 323,135 shares in the company, valued at approximately $3,557,716.35. This trade represents a 7.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $686,500 in the last 90 days. Company insiders own 19.17% of the company’s stock.

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.