Short Interest in Accel Entertainment, Inc. (NYSE:ACEL) Expands By 9.8%

Accel Entertainment, Inc. (NYSE:ACEL) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 907,900 shares, a growth of 9.8% from the November 30th total of 827,100 shares. Based on an average daily volume of 215,600 shares, the short-interest ratio is presently 4.2 days. Approximately 1.9% of the company’s shares are short sold.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $11.59, for a total value of $289,750.00. Following the sale, the director now owns 385,635 shares in the company, valued at $4,469,509.65. This trade represents a 6.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark T. Phelan sold 9,577 shares of Accel Entertainment stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.65, for a total value of $111,572.05. Following the sale, the insider now owns 189,788 shares of the company’s stock, valued at approximately $2,211,030.20. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,577 shares of company stock worth $1,915,672. Insiders own 19.17% of the company’s stock.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. Greenvale Capital LLP lifted its position in shares of Accel Entertainment by 7.3% in the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after purchasing an additional 398,302 shares during the period. Arkadios Wealth Advisors bought a new position in Accel Entertainment in the third quarter worth approximately $1,953,000. Barclays PLC lifted its holdings in Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after buying an additional 57,666 shares during the period. LSV Asset Management bought a new stake in Accel Entertainment during the 2nd quarter valued at $405,000. Finally, American Century Companies Inc. increased its holdings in shares of Accel Entertainment by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after acquiring an additional 36,316 shares during the period. 55.39% of the stock is owned by institutional investors.

Accel Entertainment Stock Performance

Accel Entertainment stock opened at $10.57 on Tuesday. Accel Entertainment has a fifty-two week low of $9.37 and a fifty-two week high of $12.96. The company has a market capitalization of $870.37 million, a PE ratio of 20.73 and a beta of 1.46. The company has a 50 day moving average price of $11.44 and a 200-day moving average price of $11.13. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

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.