Accel Entertainment, Inc. (NYSE:ACEL) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 27.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 823,917 shares of the company's stock after purchasing an additional 175,112 shares during the quarter. Renaissance Technologies LLC owned 1.00% of Accel Entertainment worth $8,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACEL. New York State Teachers Retirement System purchased a new stake in shares of Accel Entertainment in the 4th quarter worth about $51,000. Russell Investments Group Ltd. lifted its holdings in shares of Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock valued at $56,000 after purchasing an additional 5,200 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Accel Entertainment in the fourth quarter valued at approximately $91,000. Quantbot Technologies LP increased its stake in shares of Accel Entertainment by 90.7% during the 4th quarter. Quantbot Technologies LP now owns 12,841 shares of the company's stock worth $137,000 after purchasing an additional 6,106 shares in the last quarter. Finally, Olympiad Research LP purchased a new position in Accel Entertainment during the fourth quarter worth $162,000. Institutional investors and hedge funds own 55.39% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the insider now directly owns 216,575 shares in the company, valued at approximately $2,165,750. The trade was a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total value of $308,750.00. Following the transaction, the director now owns 335,635 shares in the company, valued at $4,145,092.25. This trade represents a 6.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 60,000 shares of company stock valued at $686,500. Company insiders own 19.17% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Macquarie boosted their price objective on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Friday, February 28th.

Accel Entertainment Trading Up 0.1 %

Shares of Accel Entertainment stock traded up $0.01 during trading hours on Wednesday, reaching $11.31. The stock had a trading volume of 54,010 shares, compared to its average volume of 376,964. The firm has a market capitalization of $967.69 million, a price-to-earnings ratio of 22.18 and a beta of 1.35. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96. 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 50 day simple moving average of $10.67 and a two-hundred day simple moving average of $11.08.

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.