Accel Entertainment, Inc. (NYSE:ACEL) Short Interest Update

Accel Entertainment, Inc. (NYSE:ACEL) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 907,900 shares, an increase 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 currently 4.2 days. Currently, 1.9% of the company’s stock are short sold.

Accel Entertainment Trading Up 1.0 %

ACEL opened at $10.68 on Thursday. The firm has a market cap of $879.42 million, a price-to-earnings ratio of 20.94 and a beta of 1.46. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment has a 12 month low of $9.37 and a 12 month high of $12.96. The stock has a fifty day moving average price of $11.41 and a 200-day moving average price of $11.13.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $11.59, for a total transaction of $289,750.00. Following the completion of the sale, the director now directly owns 385,635 shares of the company’s stock, valued at $4,469,509.65. The trade was a 6.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.70, for a total value of $117,000.00. Following the completion of the transaction, the insider now directly owns 199,413 shares of the company’s stock, valued at approximately $2,333,132.10. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,577 shares of company stock valued at $1,915,672 in the last ninety days. Corporate insiders own 19.17% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ACEL. Bank of New York Mellon Corp grew its stake in Accel Entertainment by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock worth $2,470,000 after buying an additional 17,929 shares during the last quarter. Principal Financial Group Inc. grew its stake in Accel Entertainment by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock worth $205,000 after buying an additional 1,519 shares during the last quarter. LSV Asset Management purchased a new position in Accel Entertainment during the 2nd quarter worth $405,000. AdvisorShares Investments LLC grew its stake in Accel Entertainment by 13.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock worth $311,000 after buying an additional 3,720 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Accel Entertainment by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock worth $34,178,000 after buying an additional 36,316 shares during the last quarter. 55.39% of the stock is owned by institutional investors.

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.