Accel Entertainment (NYSE:ACEL) Sees Large Volume Increase – Should You Buy?

Shares of Accel Entertainment, Inc. (NYSE:ACEL) saw unusually-high trading volume on Monday . Approximately 412,664 shares traded hands during trading, an increase of 79% from the previous session’s volume of 230,782 shares.The stock last traded at $11.21 and had previously closed at $11.27.

Accel Entertainment Stock Performance

The firm has a market capitalization of $945.26 million, a P/E ratio of 22.51 and a beta of 1.46. The firm has a 50-day moving average price of $11.11 and a two-hundred day moving average price of $11.27. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

Insider Transactions at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $10.61, for a total value of $265,250.00. Following the completion of the sale, the director now directly owns 348,135 shares in the company, valued at $3,693,712.35. The trade was a 6.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark T. Phelan sold 9,577 shares of Accel Entertainment stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total value of $111,572.05. Following the completion of the sale, the insider now 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. Over the last ninety days, insiders sold 164,577 shares of company stock worth $1,891,172. 17.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Accel Entertainment

Large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in shares of Accel Entertainment during the fourth quarter worth about $51,000. Point72 Asset Management L.P. purchased a new stake in Accel Entertainment in the 3rd quarter worth approximately $64,000. Quantbot Technologies LP purchased a new stake in Accel Entertainment in the 3rd quarter worth approximately $78,000. R Squared Ltd purchased a new stake in Accel Entertainment in the 4th quarter worth approximately $91,000. Finally, Creative Planning acquired a new position in shares of Accel Entertainment during the 3rd quarter worth approximately $144,000. 55.39% of the stock is currently 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.