Two Sigma Advisers LP Has $1.60 Million Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Two Sigma Advisers LP raised its position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 111.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,500 shares of the company's stock after purchasing an additional 78,800 shares during the period. Two Sigma Advisers LP owned 0.18% of Accel Entertainment worth $1,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Accel Entertainment by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock valued at $37,015,000 after purchasing an additional 53,379 shares during the period. Renaissance Technologies LLC boosted its stake in Accel Entertainment by 27.0% during the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company's stock valued at $8,799,000 after purchasing an additional 175,112 shares during the period. Invesco Ltd. boosted its stake in Accel Entertainment by 13.1% during the 4th quarter. Invesco Ltd. now owns 731,261 shares of the company's stock valued at $7,810,000 after purchasing an additional 84,891 shares during the period. Dimensional Fund Advisors LP boosted its stake in Accel Entertainment by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company's stock valued at $7,370,000 after purchasing an additional 23,745 shares during the period. Finally, Northern Trust Corp boosted its stake in Accel Entertainment by 11.1% during 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 period. 55.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Accel Entertainment

In other news, insider Derek Harmer sold 5,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 216,575 shares in the company, valued at $2,165,750. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $11.73, for a total transaction of $293,250.00. Following the sale, the director now owns 298,135 shares in the company, valued at $3,497,123.55. This represents a 7.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $671,000 over the last ninety days. Insiders own 19.17% of the company's stock.

Accel Entertainment Price Performance

ACEL stock traded up $0.06 on Tuesday, hitting $11.30. 241,076 shares of the company's stock traded hands, compared to its average volume of 285,213. Accel Entertainment, Inc. has a 1-year low of $9.02 and a 1-year high of $12.96. The stock has a market cap of $956.02 million, a price-to-earnings ratio of 22.15 and a beta of 1.22. The stock has a fifty day moving average of $10.95 and a 200-day moving average of $11.04. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

Wall Street Analyst Weigh In

ACEL has been the subject of a number of research analyst reports. Macquarie reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities increased their target price on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st.

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.