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

Accel Entertainment, Inc. (NYSE:ACEL) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 827,100 shares, a decrease of 7.4% from the November 15th total of 893,600 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 208,800 shares, the days-to-cover ratio is presently 4.0 days.

Insider Transactions at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 385,635 shares in the company, valued at $4,469,509.65. The trade was a 6.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew H. Rubenstein sold 7,437 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $12.04, for a total value of $89,541.48. Following the sale, the chief executive officer now directly owns 4,180,399 shares of the company’s stock, valued at $50,332,003.96. The trade was a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,014 shares of company stock valued at $2,005,214 over the last ninety days. 19.17% of the stock is currently owned by insiders.

Institutional Trading of Accel Entertainment

A number of large investors have recently added to or reduced their stakes in ACEL. Bank of New York Mellon Corp grew its position in shares of 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 valued at $2,470,000 after acquiring an additional 17,929 shares during the period. Principal Financial Group Inc. grew its holdings in Accel Entertainment by 8.2% during the second quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock valued at $205,000 after purchasing an additional 1,519 shares during the period. LSV Asset Management purchased a new stake in Accel Entertainment in the second quarter worth $405,000. AdvisorShares Investments LLC raised its stake in shares of Accel Entertainment by 13.5% in the second quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company’s stock valued at $311,000 after buying an additional 3,720 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Accel Entertainment by 1.1% in the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after buying an additional 36,316 shares during the period. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Stock Down 0.5 %

Shares of NYSE:ACEL opened at $11.36 on Wednesday. The company has a market capitalization of $935.00 million, a PE ratio of 22.26 and a beta of 1.46. Accel Entertainment has a 1 year low of $9.37 and a 1 year high of $12.96. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The business has a fifty day moving average price of $11.56 and a two-hundred day moving average price of $11.10.

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.