Quantinno Capital Management LP Takes $622,000 Position in Accel Entertainment, Inc. (NYSE:ACEL)

Quantinno Capital Management LP bought a new position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 58,278 shares of the company's stock, valued at approximately $622,000. Quantinno Capital Management LP owned about 0.07% of Accel Entertainment as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Man Group plc grew its holdings in shares of Accel Entertainment by 242.1% in the 4th quarter. Man Group plc now owns 93,180 shares of the company's stock worth $995,000 after purchasing an additional 65,939 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Accel Entertainment in the 4th quarter worth about $134,000. Millennium Management LLC bought a new stake in shares of Accel Entertainment in the 4th quarter worth about $1,523,000. Lazard Asset Management LLC grew its holdings in shares of Accel Entertainment by 40.4% in the 4th quarter. Lazard Asset Management LLC now owns 133,214 shares of the company's stock worth $1,422,000 after purchasing an additional 38,351 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Accel Entertainment in the 4th quarter worth about $1,228,000. Institutional investors own 55.39% of the company's stock.

Wall Street Analyst Weigh In

ACEL has been the topic of a number of research analyst reports. Northland Securities increased their price objective on shares of Accel Entertainment to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Macquarie reissued an "outperform" rating and set a $16.00 price objective on shares of Accel Entertainment in a report on Tuesday, May 6th.

Insider Transactions at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $11.73, for a total transaction of $293,250.00. Following the transaction, the director now directly owns 298,135 shares in the company, valued at approximately $3,497,123.55. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the insider now owns 216,575 shares in the company, valued at approximately $2,165,750. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $671,000 over the last 90 days. 19.17% of the stock is owned by corporate insiders.

Accel Entertainment Trading Down 0.9%

Accel Entertainment stock traded down $0.11 during midday trading on Wednesday, hitting $11.20. 210,760 shares of the stock were exchanged, compared to its average volume of 286,262. The company has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $11.06. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The stock has a market capitalization of $947.56 million, a PE ratio of 21.95 and a beta of 1.22. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54.

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.