Accel Entertainment (NYSE:ACEL) Sees Unusually-High Trading Volume

Accel Entertainment, Inc. (NYSE:ACEL) saw an uptick in trading volume on Wednesday . 55,451 shares changed hands during trading, a decline of 79% from the previous session’s volume of 258,262 shares.The stock last traded at $11.94 and had previously closed at $11.98.

Accel Entertainment Trading Down 1.2 %

The firm has a market capitalization of $978.46 million, a P/E ratio of 23.49 and a beta of 1.47. The stock has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $10.84. The company has a current ratio of 3.05, a quick ratio of 2.98 and a debt-to-equity ratio of 2.57.

Accel Entertainment (NYSE:ACEL) last issued its earnings results on Tuesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Accel Entertainment had a net margin of 4.05% and a return on equity of 36.19%. The company had revenue of $309.41 million for the quarter, compared to analysts’ expectations of $302.24 million. On average, equities research analysts anticipate that Accel Entertainment, Inc. will post 0.75 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Andrew H. Rubenstein sold 25,681 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $12.22, for a total transaction of $313,821.82. Following the completion of the sale, the chief executive officer now directly owns 4,226,509 shares in the company, valued at approximately $51,647,939.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Accel Entertainment news, CEO Andrew H. Rubenstein sold 4,114 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $12.01, for a total value of $49,409.14. Following the completion of the sale, the chief executive officer now directly owns 4,196,285 shares in the company, valued at $50,397,382.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew H. Rubenstein sold 25,681 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $12.22, for a total value of $313,821.82. Following the transaction, the chief executive officer now directly owns 4,226,509 shares in the company, valued at $51,647,939.98. The disclosure for this sale can be found here. Insiders sold 110,761 shares of company stock valued at $1,258,304 over the last 90 days. Corporate insiders own 19.17% of the company’s stock.

Institutional Trading of Accel Entertainment

A number of institutional investors have recently made changes to their positions in ACEL. Aristides Capital LLC purchased a new position in shares of Accel Entertainment in the 2nd quarter valued at approximately $271,000. Greenvale Capital LLP increased its stake in Accel Entertainment by 7.3% during the 2nd quarter. Greenvale Capital LLP now owns 5,848,302 shares of the company’s stock valued at $60,004,000 after purchasing an additional 398,302 shares in the last quarter. Quarry LP raised its holdings in shares of Accel Entertainment by 268.4% in the second quarter. Quarry LP now owns 8,642 shares of the company’s stock worth $89,000 after buying an additional 6,296 shares during the last quarter. Sei Investments Co. lifted its stake in shares of 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 period. Finally, Hsbc Holdings PLC grew its holdings in shares of Accel Entertainment by 40.7% during the second quarter. Hsbc Holdings PLC now owns 47,204 shares of the company’s stock valued at $485,000 after buying an additional 13,663 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Accel Entertainment Company Profile

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.