D. E. Shaw & Co. Inc. Makes New $1.23 Million Investment in Accel Entertainment, Inc. (NYSE:ACEL)

D. E. Shaw & Co. Inc. purchased a new position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 114,975 shares of the company's stock, valued at approximately $1,228,000. D. E. Shaw & Co. Inc. owned 0.14% of Accel Entertainment at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACEL. Barclays PLC raised its holdings in Accel Entertainment by 34.6% during the 3rd quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after buying an additional 57,666 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Accel Entertainment by 34.8% in the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company's stock worth $422,000 after buying an additional 10,194 shares during the period. R Squared Ltd purchased a new position in shares of Accel Entertainment during the fourth quarter valued at approximately $91,000. Legato Capital Management LLC raised its holdings in shares of Accel Entertainment by 33.4% during the fourth quarter. Legato Capital Management LLC now owns 16,842 shares of the company's stock valued at $180,000 after acquiring an additional 4,219 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in Accel Entertainment in the fourth quarter worth $51,000. Institutional investors own 55.39% of the company's stock.

Analysts Set New Price Targets

ACEL has been the subject of several research analyst reports. Northland Securities raised 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. Macquarie reiterated an "outperform" rating and issued a $16.00 price target on shares of Accel Entertainment in a research note on Tuesday, May 6th.

Insider Buying and Selling

In other news, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the transaction, the director now directly owns 323,135 shares of the company's stock, valued at $3,557,716.35. The trade was a 7.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 owns 216,575 shares in the company, valued at $2,165,750. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock worth $671,000 in the last three months. Insiders own 19.17% of the company's stock.

Accel Entertainment Stock Down 1.1%

Shares of NYSE ACEL traded down $0.12 during trading on Wednesday, reaching $11.18. The company had a trading volume of 10,853 shares, compared to its average volume of 381,217. The business's 50-day moving average is $10.84 and its 200 day moving average is $11.06. 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 stock has a market cap of $946.37 million, a PE ratio of 21.95 and a beta of 1.22. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96.

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.