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

Shares of Accel Entertainment, Inc. (NYSE:ACEL) saw unusually-high trading volume on Monday . Approximately 185,386 shares changed hands during 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 Price Performance

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 has a fifty day simple moving average of $11.28 and a 200-day simple moving average of $11.17. The stock has a market cap of $877.78 million, a price-to-earnings ratio of 20.90 and a beta of 1.46.

Insider Activity

In other Accel Entertainment news, insider Mark T. Phelan sold 9,577 shares of the company’s stock in a transaction that occurred on 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 $2,211,030.20. This represents a 4.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David W. Ruttenberg sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $11.73, for a total value of $821,100.00. Following the completion of the sale, the director now owns 277,455 shares of the company’s stock, valued at $3,254,547.15. This represents a 20.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,577 shares of company stock valued at $1,625,922. 19.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Greenvale Capital LLP raised its stake in shares of Accel Entertainment by 7.3% in the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after buying an additional 398,302 shares in the last quarter. American Century Companies Inc. increased its stake in Accel Entertainment by 1.1% in the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after acquiring an additional 36,316 shares during the period. Charles Schwab Investment Management Inc. raised its position in Accel Entertainment by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock worth $5,135,000 after purchasing an additional 3,151 shares in the last quarter. Sei Investments Co. lifted its stake in Accel Entertainment by 2.1% during the second quarter. Sei Investments Co. now owns 394,385 shares of the company’s stock worth $4,046,000 after purchasing an additional 8,138 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Accel Entertainment by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after purchasing an additional 3,355 shares in the last quarter. 55.39% of the stock is 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.