Quantbot Technologies LP Purchases 6,106 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Quantbot Technologies LP raised its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 90.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,841 shares of the company’s stock after buying an additional 6,106 shares during the quarter. Quantbot Technologies LP’s holdings in Accel Entertainment were worth $137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in Accel Entertainment during the fourth quarter worth about $51,000. Point72 Asset Management L.P. bought a new position in shares of Accel Entertainment during the third quarter valued at $64,000. R Squared Ltd purchased a new position in shares of Accel Entertainment in the 4th quarter worth about $91,000. EP Wealth Advisors LLC bought a new position in Accel Entertainment in the 3rd quarter worth about $146,000. Finally, Quarry LP grew its position in Accel Entertainment by 53.5% during the 3rd quarter. Quarry LP now owns 13,265 shares of the company’s stock valued at $154,000 after purchasing an additional 4,623 shares during the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total value of $265,250.00. Following the completion of the sale, the director now owns 348,135 shares of the company’s stock, valued at approximately $3,693,712.35. The trade was a 6.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 19.17% of the stock is owned by insiders.

Accel Entertainment Stock Down 2.8 %

ACEL stock opened at $9.96 on Monday. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. Accel Entertainment, Inc. has a 1-year low of $9.37 and a 1-year high of $12.96. The stock has a market capitalization of $851.76 million, a P/E ratio of 19.52 and a beta of 1.54. The business has a fifty day moving average price of $11.01 and a 200-day moving average price of $11.22.

Wall Street Analyst Weigh In

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

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.