Magnetar Financial LLC Boosts Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Magnetar Financial LLC boosted its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 25.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,385 shares of the company’s stock after acquiring an additional 3,759 shares during the period. Magnetar Financial LLC’s holdings in Accel Entertainment were worth $196,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its holdings in shares of Accel Entertainment by 99.2% in the 3rd quarter. Quest Partners LLC now owns 24,916 shares of the company’s stock worth $290,000 after purchasing an additional 12,405 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Accel Entertainment by 20.4% in the third 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Accel Entertainment by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock valued at $5,135,000 after buying an additional 3,151 shares during the period. Algert Global LLC lifted its position in shares of Accel Entertainment by 12.3% during the 3rd quarter. Algert Global LLC now owns 177,640 shares of the company’s stock valued at $2,064,000 after buying an additional 19,400 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Accel Entertainment during the 3rd quarter worth $78,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Accel Entertainment Stock Down 0.8 %

Accel Entertainment stock opened at $9.95 on Monday. The firm has a 50 day simple moving average of $11.05 and a 200 day simple moving average of $11.26. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.96. The firm has a market capitalization of $850.90 million, a price-to-earnings ratio of 19.50 and a beta of 1.54.

Wall Street Analyst Weigh In

Separately, Macquarie upped their price objective on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, February 28th.

Insider Transactions at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total value of $308,750.00. Following the sale, the director now directly owns 335,635 shares of the company’s stock, valued at approximately $4,145,092.25. This represents a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.17% of the company’s stock.

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.