AlphaQuest LLC Has $456,000 Stake in Accel Entertainment, Inc. (NYSE:ACEL)

AlphaQuest LLC grew its holdings in Accel Entertainment, Inc. (NYSE:ACEL) by 71.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,698 shares of the company’s stock after purchasing an additional 17,782 shares during the quarter. AlphaQuest LLC owned about 0.05% of Accel Entertainment worth $456,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of Accel Entertainment by 34.6% in the third 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. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Accel Entertainment by 20.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock worth $2,161,000 after purchasing an additional 31,502 shares in the last quarter. Algert Global LLC grew its stake in shares of Accel Entertainment by 12.3% during the third quarter. Algert Global LLC now owns 177,640 shares of the company’s stock valued at $2,064,000 after purchasing an additional 19,400 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of Accel Entertainment during the third quarter valued at approximately $193,000. Finally, Olympiad Research LP bought a new position in Accel Entertainment in the 4th quarter worth approximately $162,000. Institutional investors own 55.39% of the company’s stock.

Insider Buying and Selling at Accel Entertainment

In other news, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.70, for a total transaction of $117,000.00. Following the completion of the transaction, the insider now directly owns 199,413 shares in the company, valued at approximately $2,333,132.10. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the sale, the director now owns 360,635 shares in the company, valued at $4,147,302.50. This represents a 6.48 % 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 valued at $978,500. 19.17% of the stock is currently owned by insiders.

Accel Entertainment Stock Down 3.0 %

Shares of NYSE ACEL opened at $9.63 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $824.04 million, a PE ratio of 18.88 and a beta of 1.54. The firm’s 50-day moving average is $11.13 and its 200-day moving average is $11.34. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.96.

Analyst Upgrades and Downgrades

Separately, Macquarie lifted their target price on Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, February 28th.

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.