New York State Common Retirement Fund Acquires 25,500 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

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 holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 180.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,650 shares of the company's stock after purchasing 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 (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in Accel Entertainment in the first quarter valued at about $35,000. Covestor Ltd lifted its holdings in Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after acquiring an additional 1,051 shares during the period. Russell Investments Group Ltd. lifted its holdings in Accel Entertainment by 11,304.3% in 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 during the period. Tower Research Capital LLC TRC lifted its holdings in Accel Entertainment by 483.9% in 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 during the period. Finally, Trifecta Capital Advisors LLC lifted its holdings in Accel Entertainment by 437.9% in 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 during the period. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Stock Up 2.5%

NYSE ACEL opened at $12.74 on Friday. The stock's 50-day moving average price is $11.73 and its 200-day moving average price is $11.20. The company has a quick ratio of 2.35, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The company has a market capitalization of $1.08 billion, a P/E ratio of 26.00 and a beta of 1.23.

Insider Buying and Selling

In other news, CAO Christen Kozlik sold 3,791 shares of the firm's 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 transaction, the chief accounting officer owned 4,534 shares of the company's stock, valued at $52,141. This trade represents a 45.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the completion of the transaction, the insider directly owned 202,880 shares in the company, valued at $2,333,120. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,674 shares of company stock worth $1,649,158 over the last ninety days. 18.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.

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