HUB Investment Partners LLC Sells 44,000 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

HUB Investment Partners LLC reduced its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 713,699 shares of the company’s stock after selling 44,000 shares during the quarter. HUB Investment Partners LLC owned about 0.87% of Accel Entertainment worth $7,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACEL. New York State Teachers Retirement System acquired a new stake in shares of Accel Entertainment during the 4th quarter worth approximately $51,000. Point72 Asset Management L.P. acquired a new stake in shares of Accel Entertainment during the 3rd quarter worth approximately $64,000. Quantbot Technologies LP acquired a new stake in shares of Accel Entertainment during the 3rd quarter worth approximately $78,000. R Squared Ltd acquired a new stake in shares of Accel Entertainment during the 4th quarter worth approximately $91,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Accel Entertainment during the 3rd quarter worth approximately $146,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock opened at $10.10 on Thursday. Accel Entertainment, Inc. has a one year low of $9.37 and a one year high of $12.96. The company has a market cap of $863.74 million, a PE ratio of 19.79 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. The business has a 50-day simple moving average of $11.07 and a 200-day simple moving average of $11.28.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total transaction of $265,250.00. Following the transaction, the director now directly owns 348,135 shares in the company, valued at approximately $3,693,712.35. This trade represents a 6.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 19.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Macquarie lifted their price target on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, February 28th.

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.