BNP Paribas Financial Markets Invests $369,000 in Accel Entertainment, Inc. (NYSE:ACEL)

BNP Paribas Financial Markets acquired a new position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,555 shares of the company's stock, valued at approximately $369,000.

A number of other hedge funds have also added to or reduced their stakes in ACEL. Barclays PLC increased its holdings in Accel Entertainment by 34.6% in 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. SG Americas Securities LLC boosted its position in shares of Accel Entertainment by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 39,525 shares of the company's stock valued at $422,000 after buying an additional 10,194 shares during the last quarter. R Squared Ltd purchased a new position in Accel Entertainment in the fourth quarter worth $91,000. Legato Capital Management LLC boosted its position in Accel Entertainment by 33.4% in the fourth quarter. Legato Capital Management LLC now owns 16,842 shares of the company's stock worth $180,000 after purchasing an additional 4,219 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Accel Entertainment in the fourth quarter worth $51,000. 55.39% of the stock is currently owned by institutional investors.

Accel Entertainment Stock Performance

ACEL traded down $0.11 during trading hours on Wednesday, hitting $11.20. The stock had a trading volume of 210,760 shares, compared to its average volume of 286,262. The company's fifty day simple moving average is $10.84 and its 200 day simple moving average is $11.06. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96. The stock has a market cap 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.

Analyst Ratings Changes

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

Insider Buying and Selling

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

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.