Accel Entertainment (NYSE:ACEL) Sees Large Volume Increase – Still a Buy?

Accel Entertainment, Inc. (NYSE:ACEL) saw unusually-high trading volume on Monday . Approximately 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 Trading Up 0.9 %

The stock has a market cap of $852.25 million, a price-to-earnings ratio of 20.29 and a beta of 1.46. The business’s 50 day moving average is $11.30 and its 200 day moving average is $11.16. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.70, for a total transaction of $117,000.00. Following the completion of the transaction, the insider now directly owns 199,413 shares of the company’s stock, valued at $2,333,132.10. This trade represents a 4.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark T. Phelan sold 9,577 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total value of $111,572.05. Following the sale, the insider now owns 189,788 shares in the company, valued at approximately $2,211,030.20. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,577 shares of company stock worth $1,915,672. 19.17% of the stock is currently owned by insiders.

Institutional Trading of Accel Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of ACEL. Point72 Asset Management L.P. acquired a new position in Accel Entertainment in the 3rd quarter worth $64,000. Quantbot Technologies LP bought a new stake in Accel Entertainment in the third quarter valued at $78,000. Quarry LP boosted its holdings in shares of Accel Entertainment by 268.4% during the second quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after acquiring an additional 6,296 shares during the period. Creative Planning acquired a new stake in shares of Accel Entertainment in the 3rd quarter worth about $144,000. Finally, EP Wealth Advisors LLC bought a new stake in Accel Entertainment in the 3rd quarter valued at about $146,000. 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.