Short Interest in Accel Entertainment, Inc. (NYSE:ACEL) Rises By 9.8%

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 907,900 shares, an increase of 9.8% from the November 30th total of 827,100 shares. Approximately 1.9% of the company's stock are sold short. Based on an average trading volume of 215,600 shares, the short-interest ratio is currently 4.2 days.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.70, for a total value of $117,000.00. Following the completion of the sale, the insider now owns 199,413 shares of the company's stock, valued at approximately $2,333,132.10. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the transaction, the director now owns 360,635 shares in the company, valued at approximately $4,147,302.50. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,577 shares of company stock valued at $1,915,672. Insiders own 19.17% of the company's stock.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of Accel Entertainment by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,938 shares of the company's stock valued at $205,000 after purchasing an additional 1,519 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Accel Entertainment by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company's stock valued at $5,135,000 after buying an additional 3,151 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Accel Entertainment by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock valued at $3,304,000 after buying an additional 3,355 shares in the last quarter. AdvisorShares Investments LLC increased its stake in Accel Entertainment by 13.5% in the 2nd quarter. AdvisorShares Investments LLC now owns 31,326 shares of the company's stock worth $311,000 after acquiring an additional 3,720 shares during the last quarter. Finally, Quarry LP increased its stake in Accel Entertainment by 53.5% in the 3rd quarter. Quarry LP now owns 13,265 shares of the company's stock worth $154,000 after acquiring an additional 4,623 shares during the last quarter. Institutional investors own 55.39% of the company's stock.

Accel Entertainment Stock Performance

NYSE:ACEL traded up $0.11 during mid-day trading on Tuesday, hitting $10.68. 141,742 shares of the company traded hands, compared to its average volume of 246,624. The stock's fifty day moving average price is $11.43 and its 200-day moving average price is $11.13. 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 one year low of $9.37 and a one year high of $12.96. The firm has a market cap of $879.42 million, a price-to-earnings ratio of 20.94 and a beta of 1.46.

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.