Accel Entertainment, Inc. (NYSE:ACEL) Sees Significant Drop in Short Interest

Accel Entertainment, Inc. (NYSE:ACEL) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 893,600 shares, a drop of 8.9% from the October 31st total of 980,900 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 198,900 shares, the short-interest ratio is currently 4.5 days.

Accel Entertainment Stock Up 1.3 %

Shares of NYSE:ACEL traded up $0.15 during trading on Monday, hitting $11.71. 131,897 shares of the company were exchanged, compared to its average volume of 241,004. The stock has a market capitalization of $964.24 million, a P/E ratio of 22.86 and a beta of 1.47. 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 has a 12-month low of $9.37 and a 12-month high of $12.61. The firm’s 50 day moving average price is $11.48 and its 200-day moving average price is $10.92.

Insider Buying and Selling at Accel Entertainment

In related news, CEO Andrew H. Rubenstein sold 4,114 shares of Accel Entertainment stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $12.01, for a total value of $49,409.14. Following the completion of the transaction, the chief executive officer now owns 4,196,285 shares in the company, valued at approximately $50,397,382.85. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 70,000 shares of Accel Entertainment stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $11.73, for a total transaction of $821,100.00. Following the completion of the transaction, the director now owns 277,455 shares of the company’s stock, valued at $3,254,547.15. This trade represents a 20.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 166,551 shares of company stock worth $1,946,951 over the last three months. Insiders own 19.17% of the company’s stock.

Institutional Trading of Accel Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hohimer Wealth Management LLC purchased a new stake in Accel Entertainment in the 3rd quarter valued at $193,000. Barclays PLC raised its position in Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after purchasing an additional 57,666 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Accel Entertainment in the 3rd quarter valued at $146,000. Quarry LP increased its stake in Accel Entertainment by 53.5% in the 3rd quarter. Quarry LP now owns 13,265 shares of the company’s stock valued at $154,000 after buying an additional 4,623 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Accel Entertainment in the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 55.39% of the company’s stock.

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.