Accel Entertainment (NYSE:ACEL) Sets New 12-Month Low – What’s Next?

Accel Entertainment, Inc. (NYSE:ACEL) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $9.23 and last traded at $9.14, with a volume of 55520 shares traded. The stock had previously closed at $9.69.

Analyst Ratings Changes

Separately, Macquarie increased their price target on Accel Entertainment from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th.

Accel Entertainment Stock Performance

The company’s fifty day moving average price is $10.89 and its two-hundred day moving average price is $11.16. The firm has a market capitalization of $822.16 million, a PE ratio of 18.84 and a beta of 1.35. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71.

Insiders Place Their Bets

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total transaction of $308,750.00. Following the completion of the sale, the director now directly owns 335,635 shares in the company, valued at $4,145,092.25. This represents a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.17% of the stock is currently owned by insiders.

Institutional Trading of Accel Entertainment

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in Accel Entertainment during the first quarter valued at approximately $35,000. PharVision Advisers LLC acquired a new position in shares of Accel Entertainment during the 4th quarter valued at $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Accel Entertainment by 15.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,064 shares of the company’s stock valued at $706,000 after acquiring an additional 9,039 shares in the last quarter. Two Sigma Advisers LP boosted its position in Accel Entertainment by 111.5% during the 4th quarter. Two Sigma Advisers LP now owns 149,500 shares of the company’s stock worth $1,597,000 after purchasing an additional 78,800 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Accel Entertainment by 164.3% in the 4th quarter. Two Sigma Investments LP now owns 160,094 shares of the company’s stock valued at $1,710,000 after purchasing an additional 99,532 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.