Accel Entertainment, Inc. $ACEL Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in Accel Entertainment, Inc. (NYSE:ACEL) by 249.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,441 shares of the company’s stock after acquiring an additional 99,521 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Accel Entertainment were worth $1,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ACEL. Osaic Holdings Inc. raised its holdings in Accel Entertainment by 456.2% during the second quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock worth $66,000 after purchasing an additional 4,608 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Accel Entertainment by 195.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after purchasing an additional 4,700 shares during the period. EntryPoint Capital LLC purchased a new stake in Accel Entertainment in the 4th quarter valued at approximately $118,000. Jacobs Levy Equity Management Inc. purchased a new stake in Accel Entertainment in the 1st quarter valued at approximately $110,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Accel Entertainment in the 4th quarter valued at approximately $131,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Accel Entertainment

In related news, insider Derek Harmer sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $13.00, for a total value of $260,000.00. Following the completion of the transaction, the insider directly owned 187,827 shares of the company’s stock, valued at $2,441,751. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce D. Wardinski acquired 50,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $11.55 per share, with a total value of $577,500.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at $577,500. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 104,277 shares of company stock worth $1,259,917 over the last quarter. Insiders own 14.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ACEL shares. Wall Street Zen downgraded Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research downgraded Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings raised Accel Entertainment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Accel Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $14.67.

Accel Entertainment Price Performance

Shares of NYSE ACEL traded down $0.01 during midday trading on Friday, hitting $12.49. The company had a trading volume of 321,892 shares, compared to its average volume of 320,774. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.83 and a beta of 1.00. Accel Entertainment, Inc. has a twelve month low of $9.55 and a twelve month high of $14.00. The business has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $11.72. The company has a quick ratio of 2.64, a current ratio of 2.71 and a debt-to-equity ratio of 2.02.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The company had revenue of $351.56 million for the quarter, compared to analyst estimates of $342.88 million. Equities research analysts anticipate that Accel Entertainment, Inc. will post 0.7 earnings per share for the current year.

About Accel Entertainment

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.