Accel Entertainment, Inc. (NYSE:ACEL) Short Interest Up 9.8% in December

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 currently 4.2 days. Approximately 1.9% of the shares of the company are short sold.

Insiders Place Their Bets

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 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 filing with the SEC, which can be accessed through this link. Also, insider Mark T. Phelan sold 9,577 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.65, for a total transaction of $111,572.05. Following the transaction, the insider now directly owns 189,788 shares of the company’s stock, valued at $2,211,030.20. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,577 shares of company stock worth $1,915,672 in the last ninety days. Insiders own 19.17% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Greenvale Capital LLP grew its holdings in Accel Entertainment by 7.3% during the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock worth $60,004,000 after acquiring an additional 398,302 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Accel Entertainment by 1.1% during the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after purchasing an additional 36,316 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Accel Entertainment by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock valued at $5,135,000 after purchasing an additional 3,151 shares in the last quarter. Sei Investments Co. lifted its holdings in Accel Entertainment by 2.1% during the 2nd quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock worth $4,046,000 after buying an additional 8,138 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after buying an additional 3,355 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Accel Entertainment Price Performance

ACEL stock traded up $0.11 during trading on Wednesday, hitting $10.68. 141,742 shares of the stock traded hands, compared to its average volume of 246,624. The stock has a market cap of $879.42 million, a price-to-earnings ratio of 20.94 and a beta of 1.46. Accel Entertainment has a one year low of $9.37 and a one year high of $12.96. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The company has a 50 day simple moving average of $11.42 and a 200 day simple moving average of $11.14.

Accel Entertainment Company Profile

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.