Accel Entertainment, Inc. (NYSE:ACEL) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP grew its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 164.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,094 shares of the company's stock after buying an additional 99,532 shares during the quarter. Two Sigma Investments LP owned 0.19% of Accel Entertainment worth $1,710,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ACEL. Covestor Ltd grew its stake in 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 buying an additional 1,051 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Accel Entertainment during the fourth quarter worth $51,000. Russell Investments Group Ltd. lifted its position 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 worth $56,000 after purchasing an additional 5,200 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 worth $79,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Chapman Financial Group LLC acquired a new position in shares of Accel Entertainment during the fourth quarter worth $98,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACEL shares. Macquarie reissued an "outperform" rating and set a $16.00 target price on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities boosted their target price on shares of Accel Entertainment to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st.

Insider Activity at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $11.01, for a total value of $275,250.00. Following the sale, the director now directly owns 323,135 shares of the company's stock, valued at $3,557,716.35. This represents a 7.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Derek Harmer sold 5,000 shares of the company's 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 completion of the sale, the insider now directly owns 216,575 shares in the company, valued at $2,165,750. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock valued at $671,000 over the last ninety days. Corporate insiders own 19.17% of the company's stock.

Accel Entertainment Stock Down 0.4%

ACEL traded down $0.04 during trading on Wednesday, hitting $11.24. The company had a trading volume of 163,760 shares, compared to its average volume of 284,729. The company has a market cap of $951.36 million, a PE ratio of 22.04 and a beta of 1.22. The business has a 50-day moving average of $10.95 and a 200-day moving average of $11.04. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. Accel Entertainment, Inc. has a 1-year low of $9.02 and a 1-year high of $12.96.

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.