AlphaQuest LLC Buys 25,511 Shares of Accel Entertainment, Inc. $ACEL

AlphaQuest LLC lifted its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 59.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,209 shares of the company’s stock after acquiring an additional 25,511 shares during the period. AlphaQuest LLC’s holdings in Accel Entertainment were worth $677,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Martingale Asset Management L P increased its position in Accel Entertainment by 16.9% in the 1st quarter. Martingale Asset Management L P now owns 49,706 shares of the company’s stock worth $493,000 after buying an additional 7,204 shares during the period. Hsbc Holdings PLC increased its position in Accel Entertainment by 97.4% in the 1st quarter. Hsbc Holdings PLC now owns 56,952 shares of the company’s stock worth $564,000 after buying an additional 28,103 shares during the period. Quantbot Technologies LP increased its position in Accel Entertainment by 69.5% in the 1st quarter. Quantbot Technologies LP now owns 21,765 shares of the company’s stock worth $216,000 after buying an additional 8,924 shares during the period. Algert Global LLC increased its position in Accel Entertainment by 7.1% in the 1st quarter. Algert Global LLC now owns 198,825 shares of the company’s stock worth $1,972,000 after buying an additional 13,170 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Accel Entertainment by 357.0% in the 1st quarter. Russell Investments Group Ltd. now owns 23,974 shares of the company’s stock worth $238,000 after buying an additional 18,728 shares during the period. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Price Performance

Shares of NYSE:ACEL opened at $11.4950 on Tuesday. Accel Entertainment, Inc. has a 1-year low of $9.02 and a 1-year high of $13.27. The firm has a market capitalization of $968.96 million, a PE ratio of 28.74 and a beta of 1.32. The business’s 50 day moving average is $11.88 and its 200-day moving average is $11.29. The company has a current ratio of 2.64, a quick ratio of 2.56 and a debt-to-equity ratio of 2.15.

Analyst Upgrades and Downgrades

Several research analysts have commented on ACEL shares. Macquarie reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities lifted their price target on Accel Entertainment to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Accel Entertainment has an average rating of “Buy” and an average price target of $15.50.

Insider Transactions at Accel Entertainment

In related news, Director Gordon Rubenstein sold 29,000 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $11.24, for a total value of $325,960.00. Following the sale, the director owned 14,117 shares of the company’s stock, valued at $158,675.08. The trade was a 67.26% decrease in their position. The sale 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 business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $11.10, for a total value of $277,500.00. Following the completion of the sale, the director directly owned 260,635 shares in the company, valued at approximately $2,893,048.50. This represents a 8.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,674 shares of company stock worth $1,633,408 over the last quarter. 18.33% of the stock is owned by company insiders.

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.