Short Interest in Accel Entertainment, Inc. (NYSE:ACEL) Drops By 13.4%

Accel Entertainment, Inc. (NYSE:ACEL) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 799,400 shares, a decrease of 13.4% from the February 13th total of 922,900 shares. Based on an average daily volume of 313,100 shares, the short-interest ratio is currently 2.6 days. Approximately 1.6% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Macquarie upped their price target on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, February 28th.

Accel Entertainment Stock Performance

ACEL stock traded up $0.02 during mid-day trading on Thursday, reaching $10.11. 10,689 shares of the stock traded hands, compared to its average volume of 250,035. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. Accel Entertainment has a 52 week low of $9.37 and a 52 week high of $12.96. The business has a 50-day moving average of $11.07 and a two-hundred day moving average of $11.28. The firm has a market capitalization of $865.02 million, a PE ratio of 19.90 and a beta of 1.54.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total value of $308,750.00. Following the completion of the sale, the director now directly owns 335,635 shares in the company, valued at approximately $4,145,092.25. This represents a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 19.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. PharVision Advisers LLC acquired a new position in shares of Accel Entertainment during the fourth quarter valued at about $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Accel Entertainment by 15.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,064 shares of the company’s stock valued at $706,000 after buying an additional 9,039 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Accel Entertainment by 111.5% during the fourth quarter. Two Sigma Advisers LP now owns 149,500 shares of the company’s stock valued at $1,597,000 after buying an additional 78,800 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Accel Entertainment by 164.3% during the fourth quarter. Two Sigma Investments LP now owns 160,094 shares of the company’s stock valued at $1,710,000 after buying an additional 99,532 shares during the last quarter. Finally, State of Wyoming acquired a new position in Accel Entertainment in the fourth quarter worth about $255,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

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.