Y Intercept Hong Kong Ltd Makes New $426,000 Investment in Accel Entertainment, Inc. $ACEL

Y Intercept Hong Kong Ltd bought a new stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,173 shares of the company’s stock, valued at approximately $426,000.

Several other large investors also recently modified their holdings of ACEL. New York State Common Retirement Fund raised its stake in Accel Entertainment by 180.2% in the first quarter. New York State Common Retirement Fund now owns 39,650 shares of the company’s stock valued at $393,000 after purchasing an additional 25,500 shares in the last quarter. Vanguard Group Inc. grew its stake in Accel Entertainment by 1.2% during the first quarter. Vanguard Group Inc. now owns 3,506,347 shares of the company’s stock worth $34,783,000 after buying an additional 40,524 shares in the last quarter. Invesco Ltd. increased its holdings in Accel Entertainment by 24.7% in the 1st quarter. Invesco Ltd. now owns 912,129 shares of the company’s stock valued at $9,048,000 after buying an additional 180,868 shares during the period. Hsbc Holdings PLC raised its position in shares of Accel Entertainment by 97.4% in the 1st quarter. Hsbc Holdings PLC now owns 56,952 shares of the company’s stock valued at $564,000 after buying an additional 28,103 shares in the last quarter. Finally, 1060 Capital LLC bought a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $1,079,000. 55.39% of the stock is owned by institutional investors and hedge funds.

Accel Entertainment Stock Performance

NYSE ACEL opened at $10.17 on Friday. The firm’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $11.31. The stock has a market cap of $857.40 million, a PE ratio of 20.34 and a beta of 1.06. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $13.27. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.56 and a current ratio of 2.57.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Macquarie reissued an “outperform” rating and issued a $16.00 price objective on shares of Accel Entertainment in a research note on Wednesday. Wall Street Zen downgraded Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Zacks Research cut Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Accel Entertainment in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Insider Buying and Selling at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $11.11, for a total transaction of $277,750.00. Following the sale, the director owned 248,135 shares in the company, valued at $2,756,779.85. The trade was a 9.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.33% of the stock is currently owned by company insiders.

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.