Accel Entertainment (NYSE:ACEL) Sees Large Volume Increase - What's Next?

Shares of Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) saw strong trading volume on Monday . 185,386 shares were traded 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 company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The stock has a 50-day moving average price of $11.29 and a 200-day moving average price of $11.17. The company has a market capitalization of $852.25 million, a price-to-earnings ratio of 20.29 and a beta of 1.46.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction 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 in the company, valued at $2,333,132.10. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David W. Ruttenberg sold 70,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $11.73, for a total transaction of $821,100.00. Following the transaction, the director now directly owns 277,455 shares in the company, valued at approximately $3,254,547.15. This represents a 20.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,577 shares of company stock valued at $1,915,672. Company insiders own 19.17% of the company's stock.

Institutional Investors Weigh In On Accel Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after purchasing an additional 57,666 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Accel Entertainment during the third quarter valued at about $1,953,000. Greenvale Capital LLP lifted its stake in Accel Entertainment by 7.3% in the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company's stock worth $60,004,000 after purchasing an additional 398,302 shares in the last quarter. American Century Companies Inc. boosted its stake in Accel Entertainment by 1.1% during the second quarter. American Century Companies Inc. now owns 3,331,237 shares of the company's stock valued at $34,178,000 after buying an additional 36,316 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Accel Entertainment during the third quarter worth about $341,000. 55.39% of the stock is owned by hedge funds and other 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.