Accel Entertainment, Inc. (NYSE:ACEL) Holdings Boosted by New York State Common Retirement Fund

Key Points

• The New York State Common Retirement Fund increased its holdings in Accel Entertainment by 180.2% in Q1, acquiring an additional 25,500 shares to reach 39,650 shares valued at approximately $393,000.
• Accel Entertainment's stock recently rose by 2.5% and has shown a market capitalization of $1.08 billion with a 52-week trading range between $9.02 and $12.96.
• Insider selling has been notable as 143,674 shares were sold by insiders over the last ninety days, while institutional investors own 55.39% of the stock.

New York State Common Retirement Fund increased its position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 180.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,650 shares of the company's stock after buying an additional 25,500 shares during the quarter. New York State Common Retirement Fund's holdings in Accel Entertainment were worth $393,000 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. Versant Capital Management Inc acquired a new stake in Accel Entertainment in the 1st quarter valued at $35,000. Covestor Ltd increased its holdings in 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 purchasing an additional 1,051 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Accel Entertainment by 11,304.3% during the fourth 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Accel Entertainment by 483.9% during the fourth 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 in the last quarter. Finally, Trifecta Capital Advisors LLC grew its stake in shares of Accel Entertainment by 437.9% during the first quarter. Trifecta Capital Advisors LLC now owns 9,144 shares of the company's stock valued at $91,000 after acquiring an additional 7,444 shares in the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Stock Up 0.5%

Shares of Accel Entertainment stock traded up $0.07 during trading hours on Tuesday, hitting $12.89. 46,254 shares of the company's stock traded hands, compared to its average volume of 345,935. The company has a market cap of $1.09 billion, a PE ratio of 26.35 and a beta of 1.23. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.99. The stock has a 50 day simple moving average of $11.76 and a 200-day simple moving average of $11.22. The company has a quick ratio of 2.35, a current ratio of 2.42 and a debt-to-equity ratio of 2.11.

Insider Transactions at Accel Entertainment

In related news, CAO Christen Kozlik sold 3,791 shares of Accel Entertainment stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $11.50, for a total value of $43,596.50. Following the completion of the transaction, the chief accounting officer directly owned 4,534 shares in the company, valued at approximately $52,141. This trade represents a 45.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gordon Rubenstein sold 29,000 shares of Accel Entertainment stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $11.24, for a total value of $325,960.00. Following the completion of the transaction, the director owned 14,117 shares of the company's stock, valued at $158,675.08. This trade represents a 67.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,674 shares of company stock valued at $1,649,158 over the last ninety days. 18.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Northland Securities raised their target price on Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Macquarie restated an "outperform" rating and set a $16.00 target price on shares of Accel Entertainment in a research note on Tuesday, May 6th.

Accel Entertainment 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.