Accel Entertainment, Inc. (NYSE:ACEL) Short Interest Down 7.4% in November

Accel Entertainment, Inc. (NYSE:ACEL) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 827,100 shares, a decline of 7.4% from the November 15th total of 893,600 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 208,800 shares, the short-interest ratio is currently 4.0 days.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 7,437 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $12.04, for a total value of $89,541.48. Following the transaction, the chief executive officer now directly owns 4,180,399 shares of the company’s stock, valued at approximately $50,332,003.96. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $11.59, for a total value of $289,750.00. Following the transaction, the director now owns 385,635 shares in the company, valued at $4,469,509.65. The trade was a 6.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,014 shares of company stock worth $2,005,214 over the last quarter. Company insiders own 19.17% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ACEL. Greenvale Capital LLP grew its stake in Accel Entertainment by 7.3% in the second quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after acquiring an additional 398,302 shares during the period. American Century Companies Inc. grew its position in Accel Entertainment by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 3,331,237 shares of the company’s stock valued at $34,178,000 after purchasing an additional 36,316 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Accel Entertainment by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock valued at $5,135,000 after purchasing an additional 3,151 shares in the last quarter. Sei Investments Co. raised its holdings 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 buying an additional 8,138 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Accel Entertainment by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 240,727 shares of the company’s stock valued at $2,470,000 after buying an additional 17,929 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Accel Entertainment Trading Down 0.5 %

ACEL opened at $11.36 on Wednesday. The company has a market cap of $935.00 million, a P/E ratio of 22.26 and a beta of 1.46. The company has a fifty day moving average price of $11.56 and a two-hundred day moving average price of $11.10. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment has a 1-year low of $9.37 and a 1-year high of $12.96.

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.