Renaissance Technologies LLC Sells 61,600 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Renaissance Technologies LLC cut its position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 9.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 612,105 shares of the company's stock after selling 61,600 shares during the period. Renaissance Technologies LLC owned approximately 0.73% of Accel Entertainment worth $6,280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACEL. Mill Road Capital Management LLC boosted its stake in Accel Entertainment by 282.9% during the 4th quarter. Mill Road Capital Management LLC now owns 300,482 shares of the company's stock valued at $3,086,000 after purchasing an additional 222,005 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Accel Entertainment by 64.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,357 shares of the company's stock worth $299,000 after buying an additional 9,947 shares during the last quarter. Principal Financial Group Inc. bought a new position in Accel Entertainment during the first quarter valued at approximately $217,000. American Century Companies Inc. grew its position in Accel Entertainment by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 3,331,237 shares of the company's stock worth $34,178,000 after purchasing an additional 36,316 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Accel Entertainment during the 1st quarter valued at $52,000. Institutional investors own 55.39% of the company's stock.

Accel Entertainment Stock Performance

Shares of ACEL traded up $0.04 during trading hours on Friday, hitting $11.57. The stock had a trading volume of 105,857 shares, compared to its average volume of 257,055. The firm has a market capitalization of $968.94 million, a PE ratio of 22.69 and a beta of 1.47. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.05 and a quick ratio of 2.98. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.61. The stock has a fifty day moving average price of $11.27 and a 200 day moving average price of $10.88.

Accel Entertainment (NYSE:ACEL - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. Accel Entertainment had a return on equity of 36.19% and a net margin of 4.05%. The business had revenue of $309.41 million during the quarter, compared to the consensus estimate of $302.24 million. Analysts anticipate that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the transaction, the insider now directly owns 182,804 shares in the company, valued at $1,919,442. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the transaction, the insider now owns 182,804 shares of the company's stock, valued at $1,919,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew H. Rubenstein sold 25,681 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $12.22, for a total value of $313,821.82. Following the transaction, the chief executive officer now owns 4,226,509 shares of the company's stock, valued at $51,647,939.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,198 shares of company stock valued at $1,297,845. Insiders own 19.17% of the company's stock.

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.