BNP Paribas Financial Markets Acquires New Position in Accel Entertainment, Inc. (NYSE:ACEL)

BNP Paribas Financial Markets bought a new position in Accel Entertainment, Inc. (NYSE:ACEL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,555 shares of the company’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Accel Entertainment by 32.4% during the fourth 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. Price T Rowe Associates Inc. MD lifted its position in Accel Entertainment by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,634 shares of the company’s stock worth $221,000 after buying an additional 3,237 shares during the period. AdvisorShares Investments LLC boosted its stake in Accel Entertainment by 11.5% in the 4th quarter. AdvisorShares Investments LLC now owns 32,070 shares of the company’s stock worth $343,000 after buying an additional 3,300 shares during the last quarter. Magnetar Financial LLC boosted its stake in Accel Entertainment by 25.7% in the 4th quarter. Magnetar Financial LLC now owns 18,385 shares of the company’s stock worth $196,000 after buying an additional 3,759 shares during the last quarter. Finally, Legato Capital Management LLC grew its holdings 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 during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accel Entertainment

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Macquarie reiterated an “outperform” rating and set a $16.00 price objective 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 report on Thursday, May 1st.

Accel Entertainment Trading Up 0.0%

Shares of ACEL opened at $11.21 on Monday. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The firm has a market capitalization of $948.40 million, a P/E ratio of 21.97 and a beta of 1.22. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The stock’s fifty day simple moving average is $10.79 and its 200 day simple moving average is $11.07.

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.