Accel Entertainment (NYSE:ACEL) Sees Unusually-High Trading Volume – Here’s Why

Accel Entertainment, Inc. (NYSE:ACEL) saw unusually-strong trading volume on Monday . Approximately 185,386 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 174,152 shares.The stock last traded at $10.28 and had previously closed at $10.26.

Accel Entertainment Stock Performance

The firm has a 50-day simple moving average of $11.28 and a two-hundred day simple moving average of $11.17. 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 $877.78 million, a price-to-earnings ratio of 20.90 and a beta of 1.46.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, 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 in the company, valued at $2,211,030.20. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.55, for a total value 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. This trade represents a 6.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,577 shares of company stock valued at $1,625,922. 19.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in shares of Accel Entertainment in the third quarter valued at approximately $64,000. Quantbot Technologies LP acquired a new position in Accel Entertainment in the 3rd quarter valued at $78,000. Quarry LP raised its holdings in Accel Entertainment by 268.4% in the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after acquiring an additional 6,296 shares during the period. Creative Planning acquired a new position in Accel Entertainment during the 3rd quarter worth $144,000. Finally, EP Wealth Advisors LLC acquired a new position in Accel Entertainment during the 3rd quarter worth $146,000. 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.