Short Interest in Accel Entertainment, Inc. (NYSE:ACEL) Decreases By 8.5%

Accel Entertainment, Inc. (NYSE:ACEL) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,180,000 shares, a decrease of 8.5% from the September 15th total of 1,290,000 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 209,200 shares, the short-interest ratio is presently 5.6 days.

Accel Entertainment Stock Down 0.2 %

ACEL opened at $11.57 on Thursday. The firm has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $10.86. Accel Entertainment has a 52 week low of $9.37 and a 52 week high of $12.61. The company has a market capitalization of $956.14 million, a PE ratio of 20.30 and a beta of 1.47. The company has a quick ratio of 2.98, a current ratio of 3.05 and a debt-to-equity ratio of 2.57.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.22 EPS for the quarter, beating 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 business had revenue of $309.41 million during the quarter, compared to the consensus estimate of $302.24 million. Analysts forecast that Accel Entertainment will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 7,920 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $10.52, for a total value of $83,318.40. Following the completion of the transaction, the director now owns 423,135 shares of the company’s stock, valued at approximately $4,451,380.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director David W. Ruttenberg sold 7,920 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $10.52, for a total value of $83,318.40. Following the completion of the transaction, the director now owns 423,135 shares of the company’s stock, valued at approximately $4,451,380.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $313,821.82. Following the completion of the transaction, the chief executive officer now directly owns 4,226,509 shares of the company’s stock, valued at $51,647,939.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,657 shares of company stock valued at $1,392,793. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd raised its position in shares of Accel Entertainment by 31,840.0% during the 1st quarter. Covestor Ltd now owns 3,194 shares of the company’s stock valued at $38,000 after buying an additional 3,184 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Accel Entertainment during the 1st quarter valued at about $52,000. Quarry LP raised its position in shares of Accel Entertainment by 268.4% during the 2nd quarter. Quarry LP now owns 8,642 shares of the company’s stock valued at $89,000 after buying an additional 6,296 shares in the last quarter. Creative Planning purchased a new stake in shares of Accel Entertainment during the 3rd quarter valued at about $144,000. Finally, Principal Financial Group Inc. raised its position in shares of Accel Entertainment by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,938 shares of the company’s stock valued at $205,000 after buying an additional 1,519 shares in the last quarter. 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.