Tudor Investment Corp ET AL Makes New $775,000 Investment in Accel Entertainment, Inc. (NYSE:ACEL)

Tudor Investment Corp ET AL bought a new stake in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 72,573 shares of the company's stock, valued at approximately $775,000. Tudor Investment Corp ET AL owned 0.09% of Accel Entertainment at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of Accel Entertainment in the fourth quarter valued at approximately $212,000. Kovitz Investment Group Partners LLC boosted its holdings in Accel Entertainment by 41.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 34,516 shares of the company's stock valued at $369,000 after purchasing an additional 10,160 shares during the period. Orvieto Partners L.P. purchased a new position in shares of Accel Entertainment during the 4th quarter valued at $3,951,000. Price T Rowe Associates Inc. MD grew its position in shares of Accel Entertainment by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,634 shares of the company's stock valued at $221,000 after purchasing an additional 3,237 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Accel Entertainment by 483.9% in 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 during the period. Hedge funds and other institutional investors own 55.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ACEL shares. Macquarie reissued an "outperform" rating and set a $16.00 price objective on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities raised their price target on Accel Entertainment to $15.00 and gave the company a "buy" rating in a report on Thursday, May 1st.

Accel Entertainment Price Performance

Accel Entertainment stock traded up $0.21 during mid-day trading on Tuesday, hitting $11.89. 51,713 shares of the company traded hands, compared to its average volume of 290,083. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $12.96. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 23.31 and a beta of 1.22. The stock has a fifty day moving average price of $10.51 and a 200-day moving average price of $11.05.

Insider Activity

In related news, insider Derek Harmer sold 5,000 shares of the 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 transaction, the insider now owns 216,575 shares of the company's stock, valued at approximately $2,165,750. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total transaction of $308,750.00. Following the completion of the sale, the director now directly owns 335,635 shares of the company's stock, valued at $4,145,092.25. This represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,000 shares of company stock worth $686,500. 19.17% of the stock is currently owned by corporate insiders.

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.