Trexquant Investment LP Buys New Stake in Accel Entertainment, Inc. $ACEL

Trexquant Investment LP purchased a new stake in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 41,084 shares of the company's stock, valued at approximately $408,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Man Group plc raised its position in Accel Entertainment by 242.1% in the 4th quarter. Man Group plc now owns 93,180 shares of the company's stock valued at $995,000 after purchasing an additional 65,939 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in Accel Entertainment in the 4th quarter valued at $1,228,000. Northern Trust Corp raised its position in Accel Entertainment by 11.1% in the 4th quarter. Northern Trust Corp now owns 488,463 shares of the company's stock valued at $5,217,000 after purchasing an additional 48,639 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Accel Entertainment in the 4th quarter valued at $369,000. Finally, Millennium Management LLC purchased a new stake in Accel Entertainment in the 4th quarter valued at $1,523,000. Hedge funds and other institutional investors own 55.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $15.50.

Insiders Place Their Bets

In other news, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $11.30, for a total transaction of $282,500.00. Following the transaction, the director directly owned 285,635 shares of the company's stock, valued at $3,227,675.50. This represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $11.50, for a total transaction of $57,500.00. Following the completion of the sale, the insider directly owned 202,880 shares in the company, valued at approximately $2,333,120. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,000 shares of company stock worth $976,550. Corporate insiders own 18.33% of the company's stock.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $11.27 on Tuesday. The company has a quick ratio of 2.56, a current ratio of 2.64 and a debt-to-equity ratio of 2.15. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $13.27. The stock has a market cap of $949.53 million, a PE ratio of 28.16 and a beta of 1.12. The firm's fifty day simple moving average is $11.87 and its 200-day simple moving average is $11.25.

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.

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