Accel Entertainment (NYSE:ACEL) Trading Down 10.6% - Here's Why

Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) dropped 10.6% on Friday . The stock traded as low as $10.65 and last traded at $10.46. Approximately 102,250 shares changed hands during trading, a decline of 64% from the average daily volume of 280,819 shares. The stock had previously closed at $11.71.

Analyst Ratings Changes

Separately, Macquarie increased their price target on Accel Entertainment from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Friday.

Accel Entertainment Trading Down 3.0 %

The stock has a fifty day moving average of $11.20 and a 200 day moving average of $11.39. The company has a market capitalization of $851.01 million, a P/E ratio of 20.27 and a beta of 1.46. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $10.61, for a total value of $265,250.00. Following the transaction, the director now directly owns 348,135 shares of the company's stock, valued at approximately $3,693,712.35. This trade represents a 6.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Derek Harmer sold 10,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.70, for a total value of $117,000.00. Following the completion of the transaction, the insider now directly owns 199,413 shares in the company, valued at approximately $2,333,132.10. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,000 shares of company stock valued at $978,500. 19.17% of the stock is owned by company insiders.

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Institutional Investors Weigh In On Accel Entertainment

Institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake 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. JPMorgan Chase & Co. increased its stake in Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock worth $3,304,000 after buying an additional 3,355 shares in the last quarter. SG Americas Securities LLC increased its stake in Accel Entertainment by 34.8% in the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company's stock worth $422,000 after buying an additional 10,194 shares in the last quarter. Creative Planning purchased a new stake in Accel Entertainment in the 3rd quarter worth $144,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake 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. Hedge funds and other institutional investors own 55.39% of the company's stock.

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.