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

Accel Entertainment, Inc. (NYSE:ACEL) saw an uptick in trading volume on Monday . 412,664 shares traded hands during mid-day 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 Down 0.7 %

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 market capitalization of $945.26 million, a PE ratio of 22.51 and a beta of 1.46. The firm has a 50 day simple moving average of $11.11 and a two-hundred day simple moving average of $11.27.

Insider Activity at Accel Entertainment

In related news, insider Mark T. Phelan sold 9,577 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.65, for a total value of $111,572.05. Following the completion of the transaction, the insider now owns 189,788 shares of the company’s stock, valued at approximately $2,211,030.20. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David W. Ruttenberg sold 70,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $11.73, for a total value of $821,100.00. Following the sale, the director now owns 277,455 shares in the company, valued at $3,254,547.15. The trade was a 20.15 % decrease in their position. 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.

Institutional Trading of Accel Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in ACEL. Arkadios Wealth Advisors acquired a new stake in shares of Accel Entertainment during the 3rd quarter worth approximately $1,953,000. Barclays PLC grew its holdings in Accel Entertainment by 34.6% in the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after buying an additional 57,666 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Accel Entertainment by 20.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock worth $2,161,000 after buying an additional 31,502 shares in the last quarter. SG Americas Securities LLC bought a new position in Accel Entertainment in the 3rd quarter worth approximately $341,000. Finally, Algert Global LLC grew its holdings in Accel Entertainment by 12.3% in the 3rd quarter. Algert Global LLC now owns 177,640 shares of the company’s stock worth $2,064,000 after buying an additional 19,400 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

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.