State of Wyoming Takes Position in Accel Entertainment, Inc. (NYSE:ACEL)

State of Wyoming bought a new stake in Accel Entertainment, Inc. (NYSE:ACEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 23,919 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after acquiring an additional 1,051 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Accel Entertainment in the 4th quarter valued at about $51,000. Russell Investments Group Ltd. lifted its stake in shares of Accel Entertainment by 11,304.3% in the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after acquiring an additional 5,200 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Accel Entertainment by 483.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock valued at $79,000 after acquiring an additional 6,151 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Accel Entertainment in the 4th quarter valued at about $91,000. Institutional investors own 55.39% of the company’s stock.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $11.73, for a total transaction of $293,250.00. Following the completion of the transaction, the director now owns 298,135 shares of the company’s stock, valued at $3,497,123.55. This represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Derek Harmer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the transaction, the insider now directly owns 211,575 shares of the company’s stock, valued at $2,221,537.50. The trade was a 2.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $671,000 in the last 90 days. Insiders own 19.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACEL. Macquarie reissued an “outperform” rating and issued a $16.00 target price on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities boosted their target price on Accel Entertainment to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 1st.

Accel Entertainment Trading Up 0.0%

ACEL opened at $11.21 on Friday. The business has a 50 day simple moving average of $10.79 and a two-hundred day simple moving average of $11.07. The firm has a market capitalization of $948.40 million, a price-to-earnings ratio of 21.97 and a beta of 1.22. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $12.96.

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.