Quantinno Capital Management LP Purchases Shares of 58,278 Accel Entertainment, Inc. (NYSE:ACEL)

Quantinno Capital Management LP purchased a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC increased its holdings in Accel Entertainment by 34.6% during the 3rd quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after acquiring an additional 57,666 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Accel Entertainment by 34.8% during 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 in the last quarter. R Squared Ltd acquired a new position in shares of Accel Entertainment during the 4th quarter worth approximately $91,000. Legato Capital Management LLC lifted its stake 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 in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in Accel Entertainment in the 4th quarter valued at approximately $51,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Accel Entertainment Trading Up 0.4%

Shares of ACEL traded up $0.04 on Friday, hitting $11.29. 58,811 shares of the stock traded hands, compared to its average volume of 284,918. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96. The stock's 50 day moving average is $10.89 and its two-hundred day moving average is $11.06. The firm has a market capitalization of $955.77 million, a P/E ratio of 22.13 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.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred 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 owns 298,135 shares of the company's stock, valued at $3,497,123.55. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 216,575 shares of the company's stock, valued at $2,165,750. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,000 shares of company stock worth $671,000. 19.17% of the stock is currently owned by insiders.

About Accel Entertainment

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.