Short Interest in Accel Entertainment, Inc. (NYSE:ACEL) Drops By 8.9%

Accel Entertainment, Inc. (NYSE:ACEL) was the recipient of a large drop in short interest in 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 shares of the stock are short sold. Based on an average daily volume of 198,900 shares, the short-interest ratio is presently 4.5 days.

Accel Entertainment Stock Performance

ACEL stock remained flat at $11.75 during midday trading on Tuesday. 455,628 shares of the company’s stock were exchanged, compared to its average volume of 243,078. Accel Entertainment has a twelve month low of $9.37 and a twelve month high of $12.61. The company has a market cap of $967.50 million, a PE ratio of 23.20 and a beta of 1.46. 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 stock’s 50-day moving average is $11.48 and its 200-day moving average is $10.94.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.55, for a total transaction of $288,750.00. Following the sale, the director now owns 373,135 shares of the company’s stock, valued at approximately $4,309,709.25. The trade was a 6.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Derek Harmer sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $11.64, for a total transaction of $116,400.00. Following the sale, the insider now directly owns 184,626 shares in the company, valued at $2,149,046.64. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 166,551 shares of company stock valued at $1,946,951 in the last three months. Company insiders own 17.90% of the company’s stock.

Institutional Trading of Accel Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACEL. Point72 Asset Management L.P. bought a new position in shares of Accel Entertainment during the third quarter worth $64,000. Quantbot Technologies LP bought a new position in Accel Entertainment during the third quarter valued at $78,000. Quarry LP lifted its position in Accel Entertainment by 268.4% during the second quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after purchasing an additional 6,296 shares during the last quarter. Creative Planning bought a new position in Accel Entertainment during the third quarter valued at $144,000. Finally, EP Wealth Advisors LLC bought a new position in Accel Entertainment during the third quarter valued at $146,000. 55.39% of the stock is owned by hedge funds and other institutional investors.

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.