New York State Teachers Retirement System Invests $51,000 in Accel Entertainment, Inc. (NYSE:ACEL)

New York State Teachers Retirement System acquired a new stake in Accel Entertainment, Inc. (NYSE:ACEL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,732 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds have also recently bought and sold shares of ACEL. Barclays PLC increased its stake in Accel Entertainment by 34.6% during 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 during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Accel Entertainment by 20.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock worth $2,161,000 after buying an additional 31,502 shares during the period. Algert Global LLC increased its stake in Accel Entertainment by 12.3% during the 3rd quarter. Algert Global LLC now owns 177,640 shares of the company’s stock worth $2,064,000 after buying an additional 19,400 shares during the period. Hohimer Wealth Management LLC acquired a new stake in Accel Entertainment during the 3rd quarter worth approximately $193,000. Finally, EP Wealth Advisors LLC purchased a new position in Accel Entertainment in the 3rd quarter valued at approximately $146,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Insider Activity at Accel Entertainment

In related news, insider Derek Harmer sold 10,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.70, for a total value of $117,000.00. Following the transaction, the insider now owns 199,413 shares of the company’s stock, valued at $2,333,132.10. This represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total value of $308,750.00. Following the completion of the sale, the director now owns 335,635 shares in the company, valued at approximately $4,145,092.25. This represents a 6.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,577 shares of company stock worth $1,090,072. Company insiders own 17.90% of the company’s stock.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $11.94 on Tuesday. Accel Entertainment, Inc. has a 52 week low of $9.37 and a 52 week high of $12.96. The company has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $11.38. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The company has a market cap of $982.76 million, a price-to-earnings ratio of 23.40 and a beta of 1.46.

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.