Millennium Management LLC Invests $1.52 Million in Accel Entertainment, Inc. (NYSE:ACEL)

Millennium Management LLC purchased a new stake in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 142,573 shares of the company's stock, valued at approximately $1,523,000. Millennium Management LLC owned 0.17% of Accel Entertainment at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company's stock worth $46,000 after purchasing an additional 1,051 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Accel Entertainment during the 4th quarter worth about $51,000. Russell Investments Group Ltd. grew its holdings in Accel Entertainment by 11,304.3% during the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock worth $56,000 after acquiring an additional 5,200 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock worth $79,000 after acquiring an additional 6,151 shares during the last quarter. Finally, Chapman Financial Group LLC bought a new stake in Accel Entertainment during the 4th quarter worth about $98,000. Institutional investors own 55.39% of the company's stock.

Insider Activity at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the sale, the director now directly owns 323,135 shares of the company's stock, valued at approximately $3,557,716.35. This represents a 7.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Derek Harmer sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the insider now directly owns 216,575 shares of the company's stock, 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 60,000 shares of company stock worth $671,000 in the last ninety days. Company insiders own 19.17% of the company's stock.

Accel Entertainment Trading Up 1.5%

Accel Entertainment stock traded up $0.17 during trading hours on Friday, reaching $11.29. 216,976 shares of the company's stock traded hands, compared to its average volume of 285,284. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96. The firm has a market capitalization of $955.17 million, a price-to-earnings ratio of 22.13 and a beta of 1.22. The firm's 50 day moving average is $11.02 and its 200-day moving average is $11.04.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Northland Securities upped their target price on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Macquarie restated an "outperform" rating and set a $16.00 target price on shares of Accel Entertainment in a research report on Tuesday, May 6th.

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.